Brighthouse Financial (NASDAQ:BHFAL) Trading 1.4% Higher

Brighthouse Financial, Inc. (NASDAQ:BHFAL) traded up 1.4% during mid-day trading on Friday . The stock traded as high as $20.26 and last traded at $20.06. 31,790 shares were traded during mid-day trading, an increase of 85% from the average session volume of 17,152 shares. The stock had previously closed at $19.78.

Brighthouse Financial Stock Up 1.4 %

The firm’s 50 day moving average price is $21.87 and its 200-day moving average price is $22.65.

Brighthouse Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.3906 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $1.56 annualized dividend and a dividend yield of 7.79%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Brighthouse Financial stock. Crossmark Global Holdings Inc. boosted its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAL) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 250,105 shares of the company’s stock after purchasing an additional 8,127 shares during the period. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $5,978,000 at the end of the most recent reporting period.

About Brighthouse Financial

Brighthouse Financial, Inc operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others.