Cwm LLC Reduces Stock Position in Brighthouse Financial, Inc. $BHF

Cwm LLC reduced its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 28.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,021 shares of the company’s stock after selling 9,835 shares during the period. Cwm LLC’s holdings in Brighthouse Financial were worth $1,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Brighthouse Financial by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,449,923 shares of the company’s stock worth $183,131,000 after acquiring an additional 42,652 shares during the last quarter. UBS Group AG lifted its holdings in shares of Brighthouse Financial by 98.1% in the 3rd quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock worth $181,177,000 after acquiring an additional 1,690,064 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Brighthouse Financial by 10.4% in the 3rd quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock worth $117,321,000 after acquiring an additional 208,630 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Brighthouse Financial by 190.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,396,245 shares of the company’s stock worth $74,113,000 after acquiring an additional 915,902 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Brighthouse Financial by 33.6% in the 3rd quarter. First Trust Advisors LP now owns 686,721 shares of the company’s stock worth $36,451,000 after acquiring an additional 172,641 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Brighthouse Financial Trading Down 0.2%

Shares of BHF opened at $62.04 on Friday. Brighthouse Financial, Inc. has a 1-year low of $42.07 and a 1-year high of $66.33. The company has a 50-day moving average of $60.94 and a 200 day moving average of $61.08. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 10.70 and a beta of 0.92. 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 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.