14,634 Shares in Brighthouse Financial, Inc. $BHF Bought by Evergreen Capital Management LLC

Evergreen Capital Management LLC acquired a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,634 shares of the company’s stock, valued at approximately $948,000.

A number of other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Brighthouse Financial by 66.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after purchasing an additional 226 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Brighthouse Financial by 540.4% in the third quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock worth $34,000 after buying an additional 535 shares during the last quarter. Hantz Financial Services Inc. boosted 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 buying an additional 460 shares during the last quarter. Danske Bank A S bought a new stake in Brighthouse Financial during the third quarter valued at approximately $37,000. Finally, Jones Financial Companies Lllp grew its position in Brighthouse Financial by 835.2% during the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after buying an additional 735 shares during the period. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF opened at $62.04 on Friday. The stock has a market cap of $3.56 billion, a PE ratio of 10.70 and a beta of 0.92. Brighthouse Financial, Inc. has a 1 year low of $42.07 and a 1 year high of $66.33. The firm has a fifty day moving average price of $60.94 and a 200-day moving average price of $60.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.95.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BHF shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a research report on Monday, December 29th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $67.00 price objective on shares of Brighthouse Financial in a research report on Thursday, March 26th. Argus raised Brighthouse Financial to a “hold” rating in a report on Thursday, March 26th. Zacks Research downgraded Brighthouse Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, March 30th. Finally, Barclays lowered Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a report on Thursday, January 8th. Eight investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Brighthouse Financial has an average rating of “Reduce” and an average target price of $60.86.

Brighthouse Financial Company Profile

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.