Brighthouse Financial, Inc. $BHF Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 8.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,001,646 shares of the company’s stock after acquiring an additional 163,626 shares during the quarter. American Century Companies Inc. owned about 3.49% of Brighthouse Financial worth $107,629,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in shares of Brighthouse Financial by 0.4% in the first quarter. LPL Financial LLC now owns 39,718 shares of the company’s stock valued at $2,303,000 after purchasing an additional 173 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Brighthouse Financial by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,598 shares of the company’s stock worth $209,000 after buying an additional 181 shares in the last quarter. Parallel Advisors LLC boosted its position in Brighthouse Financial by 19.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $73,000 after buying an additional 222 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Brighthouse Financial by 42.0% during the first quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock valued at $44,000 after acquiring an additional 226 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Brighthouse Financial by 2.3% during the first quarter. Federated Hermes Inc. now owns 14,139 shares of the company’s stock worth $820,000 after acquiring an additional 318 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Shares of NASDAQ BHF opened at $65.58 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 4.47 and a beta of 0.94. Brighthouse Financial, Inc. has a twelve month low of $42.07 and a twelve month high of $66.33. The business has a 50 day simple moving average of $54.51 and a 200-day simple moving average of $52.92.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Friday, November 7th. The company reported $4.54 EPS for the quarter, missing analysts’ consensus estimates of $5.09 by ($0.55). The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.26 billion. Brighthouse Financial had a return on equity of 20.59% and a net margin of 15.39%.The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.99 EPS. As a group, equities research analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BHF has been the subject of a number of analyst reports. Raymond James Financial reissued a “market perform” rating on shares of Brighthouse Financial in a report on Wednesday, November 12th. Piper Sandler reiterated a “neutral” rating and set a $53.00 target price on shares of Brighthouse Financial in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Brighthouse Financial in a research report on Monday. Keefe, Bruyette & Woods upped their price target on shares of Brighthouse Financial from $50.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, November 7th. Finally, Zacks Research cut shares of Brighthouse Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $63.70.

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.