Citigroup Inc. Increases Position in Brighthouse Financial, Inc. $BHF

Citigroup Inc. lifted its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 360.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,891 shares of the company’s stock after buying an additional 118,909 shares during the quarter. Citigroup Inc. owned approximately 0.27% of Brighthouse Financial worth $8,062,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in Brighthouse Financial by 66.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after acquiring an additional 226 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Brighthouse Financial by 225.5% in the third quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock worth $35,000 after purchasing an additional 460 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Brighthouse Financial by 835.2% in the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after buying an additional 735 shares during the period. Byrne Asset Management LLC purchased a new position in Brighthouse Financial in the 3rd quarter worth about $50,000. Finally, Quent Capital LLC bought a new stake in Brighthouse Financial during the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on BHF. Keefe, Bruyette & Woods upped their target price on shares of Brighthouse Financial from $50.00 to $70.00 and gave the stock a “market perform” rating in a research note on Friday, November 7th. Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 17th. Barclays lowered Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a research report on Thursday, January 8th. Morgan Stanley set a $70.00 price target on Brighthouse Financial in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Brighthouse Financial in a research note on Monday, December 29th. Eight research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $63.67.

Brighthouse Financial Trading Down 0.4%

Shares of NASDAQ:BHF opened at $59.98 on Monday. The business’s 50-day moving average is $63.96 and its 200 day moving average is $57.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.95. Brighthouse Financial, Inc. has a 1 year low of $42.07 and a 1 year high of $66.33. The firm has a market capitalization of $3.43 billion, a P/E ratio of 10.34 and a beta of 0.96.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.