American Century Companies Inc. Increases Position in Brighthouse Financial, Inc. $BHF

American Century Companies Inc. grew its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 10.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,210,276 shares of the company’s stock after purchasing an additional 208,630 shares during the quarter. American Century Companies Inc. owned about 3.87% of Brighthouse Financial worth $117,321,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BHF. Millennium Management LLC lifted its position in Brighthouse Financial by 156.2% during the first quarter. Millennium Management LLC now owns 262,890 shares of the company’s stock worth $15,245,000 after buying an additional 160,272 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Brighthouse Financial by 835.2% during the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after acquiring an additional 735 shares during the period. United Services Automobile Association acquired a new stake in Brighthouse Financial during the first quarter worth about $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Brighthouse Financial by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 209,140 shares of the company’s stock worth $12,128,000 after purchasing an additional 13,245 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Brighthouse Financial in the 2nd quarter valued at about $801,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BHF has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Brighthouse Financial from $50.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, November 7th. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th. Barclays downgraded Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a research report on Thursday, January 8th. Raymond James Financial reiterated a “market perform” rating on shares of Brighthouse Financial in a report on Wednesday, November 12th. Finally, Morgan Stanley set a $70.00 price objective on Brighthouse Financial in a research report on Thursday, November 6th. Eight equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $63.67.

Brighthouse Financial Price Performance

BHF opened at $59.90 on Tuesday. The stock’s 50-day moving average price is $63.86 and its 200 day moving average price is $57.96. Brighthouse Financial, Inc. has a 12-month low of $42.07 and a 12-month high of $66.33. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 10.33 and a beta of 0.96. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46.

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.