Nuveen Asset Management LLC Raises Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Nuveen Asset Management LLC lifted its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,097 shares of the company’s stock after purchasing an additional 1,832 shares during the period. Nuveen Asset Management LLC owned approximately 0.15% of Brighthouse Financial worth $4,280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BHF. Aster Capital Management DIFC Ltd lifted its stake in shares of Brighthouse Financial by 327.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock valued at $44,000 after purchasing an additional 703 shares during the period. KBC Group NV lifted its stake 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 valued at $128,000 after purchasing an additional 663 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Brighthouse Financial in the fourth quarter valued at about $217,000. Guggenheim Capital LLC acquired a new stake in shares of Brighthouse Financial in the fourth quarter valued at about $227,000. Finally, Polymer Capital Management US LLC acquired a new stake in shares of Brighthouse Financial in the fourth quarter valued at about $233,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on BHF shares. Wells Fargo & Company reduced their price objective 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. Morgan Stanley lifted their target price on shares of Brighthouse Financial from $41.00 to $45.00 and gave the stock an “underweight” rating in a research report on Monday, May 19th. Piper Sandler lifted their target price 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. Jefferies Financial Group cut shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Brighthouse Financial from $56.00 to $59.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.80.

Brighthouse Financial Trading Up 1.0%

Shares of BHF opened at $59.72 on Friday. The stock has a fifty day moving average of $55.68 and a two-hundred day moving average of $54.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $3.43 billion, a PE ratio of 11.57 and a beta of 0.96. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Thursday, May 8th. The company reported $4.17 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.55). The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.29 billion. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.25 earnings per share. As a group, analysts forecast 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.