Brighthouse Financial (NASDAQ:BHFAN) Trading 2.1% Higher

Brighthouse Financial, Inc. (NASDAQ:BHFAN) shares traded up 2.1% during trading on Friday . The stock traded as high as $19.25 and last traded at $19.25. 10,892 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 40,289 shares. The stock had previously closed at $18.86.

Brighthouse Financial Price Performance

The stock has a fifty day moving average price of $19.54 and a two-hundred day moving average price of $18.53.

Brighthouse Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Sunday, March 10th were paid a dividend of $0.3359 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.34 annualized dividend and a yield of 6.98%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Brighthouse Financial stock. OLD Point Trust & Financial Services N A bought a new position in Brighthouse Financial, Inc. (NASDAQ:BHFAN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the company’s stock, valued at approximately $28,000.

Brighthouse Financial Company Profile

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 consists of 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.