Invesco Ltd. Has $13.77 Million Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Invesco Ltd. grew its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 49.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 286,726 shares of the company’s stock after buying an additional 94,801 shares during the quarter. Invesco Ltd. owned 0.48% of Brighthouse Financial worth $13,774,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd lifted its stake in Brighthouse Financial by 327.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock valued at $44,000 after acquiring an additional 703 shares in the last quarter. KBC Group NV lifted its position in shares of Brighthouse Financial by 33.1% in the fourth quarter. KBC Group NV now owns 2,664 shares of the company’s stock worth $128,000 after purchasing an additional 663 shares in the last quarter. Polymer Capital Management US LLC acquired a new position in Brighthouse Financial during the fourth quarter worth $233,000. Lecap Asset Management Ltd. grew its position in Brighthouse Financial by 9.1% in the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company’s stock valued at $251,000 after purchasing an additional 436 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in Brighthouse Financial in the 4th quarter valued at $258,000. Institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group set a $72.00 target price on Brighthouse Financial in a research report on Tuesday, March 18th. Raymond James upgraded Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company decreased their target price on shares of Brighthouse Financial from $59.00 to $52.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Piper Sandler upped their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Insider Activity at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the executive vice president now owns 66,262 shares of the company’s stock, valued at $4,041,982. This represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Brighthouse Financial Stock Down 3.7 %

Brighthouse Financial stock opened at $48.79 on Tuesday. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. The stock has a market cap of $2.83 billion, a P/E ratio of 9.46 and a beta of 0.91. The company’s 50-day moving average price is $55.58 and its two-hundred day moving average price is $52.29. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, topping the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. As a group, analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

About Brighthouse Financial

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.