American Century Companies Inc. Purchases 45,451 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

American Century Companies Inc. boosted its position in Brighthouse Financial, Inc. (NASDAQ:BHFFree Report) by 8.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 554,071 shares of the company’s stock after acquiring an additional 45,451 shares during the period. American Century Companies Inc. owned 0.82% of Brighthouse Financial worth $24,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BHF. Envestnet Asset Management Inc. lifted its position in shares of Brighthouse Financial by 12.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,277 shares of the company’s stock worth $273,000 after purchasing an additional 564 shares during the period. Raymond James & Associates lifted its position in shares of Brighthouse Financial by 70.5% in the 1st quarter. Raymond James & Associates now owns 7,543 shares of the company’s stock worth $390,000 after purchasing an additional 3,119 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Brighthouse Financial by 10.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,954 shares of the company’s stock worth $255,000 after purchasing an additional 487 shares during the period. Bank of Montreal Can lifted its position in shares of Brighthouse Financial by 70.5% in the 1st quarter. Bank of Montreal Can now owns 14,122 shares of the company’s stock worth $737,000 after purchasing an additional 5,841 shares during the period. Finally, MetLife Investment Management LLC lifted its position in Brighthouse Financial by 30.2% during the 1st quarter. MetLife Investment Management LLC now owns 50,351 shares of the company’s stock valued at $2,601,000 after acquiring an additional 11,670 shares during the period. 79.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BHF has been the subject of a number of recent research reports. Piper Sandler lifted their price target on shares of Brighthouse Financial from $44.00 to $50.00 in a research report on Friday, July 7th. Morgan Stanley lifted their price target on shares of Brighthouse Financial from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, August 18th. Finally, Barclays lifted their price target on shares of Brighthouse Financial from $42.00 to $49.00 in a research report on Tuesday, July 11th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.71.

Get Our Latest Stock Analysis on BHF

Brighthouse Financial Trading Up 0.5 %

NASDAQ BHF opened at $49.70 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.63. Brighthouse Financial, Inc. has a 12 month low of $39.24 and a 12 month high of $60.54. The company’s 50-day moving average price is $49.07 and its 200-day moving average price is $47.01. The stock has a market cap of $3.26 billion, a PE ratio of -1.44 and a beta of 1.30.

Brighthouse Financial (NASDAQ:BHFGet Free Report) last released its quarterly earnings results on Wednesday, August 9th. The company reported $4.13 EPS for the quarter, beating the consensus estimate of $3.55 by $0.58. The business had revenue of $263.00 million during the quarter, compared to analyst estimates of $2.07 billion. Brighthouse Financial had a negative net margin of 65.81% and a positive return on equity of 14.27%. During the same period in the prior year, the firm posted $3.29 earnings per share. Equities research analysts forecast that Brighthouse Financial, Inc. will post 15.17 earnings per share for the current year.

About Brighthouse Financial

(Free Report)

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.

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Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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