UBS Group AG Sells 873,633 Shares of Brighthouse Financial, Inc. $BHF
by Jessica Moore · The Cerbat GemUBS Group AG decreased its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) by 25.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,539,645 shares of the company’s stock after selling 873,633 shares during the period. UBS Group AG’s holdings in Brighthouse Financial were worth $164,544,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Waterfront Wealth Inc. boosted its stake in shares of Brighthouse Financial by 0.6% during the 4th quarter. Waterfront Wealth Inc. now owns 35,055 shares of the company’s stock worth $2,255,000 after acquiring an additional 192 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake 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 worth $31,000 after acquiring an additional 226 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Brighthouse Financial by 1.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,394 shares of the company’s stock worth $976,000 after acquiring an additional 323 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Brighthouse Financial by 225.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock worth $35,000 after acquiring an additional 460 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Brighthouse Financial by 35.0% during the 4th quarter. GAMMA Investing LLC now owns 1,881 shares of the company’s stock worth $122,000 after acquiring an additional 488 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.
Analyst Upgrades and Downgrades
BHF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $67.00 target price on shares of Brighthouse Financial in a research note on Thursday, March 26th. Zacks Research lowered shares of Brighthouse Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, March 30th. Argus raised shares of Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Finally, Barclays lowered shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a research note on Thursday, January 8th. Eight investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $60.86.
Get Our Latest Research Report on Brighthouse Financial
Brighthouse Financial Trading Up 0.3%
Shares of Brighthouse Financial stock opened at $61.93 on Thursday. The firm has a market capitalization of $3.56 billion, a PE ratio of 10.68 and a beta of 0.92. Brighthouse Financial, Inc. has a twelve month low of $42.07 and a twelve month high of $66.33. The firm’s 50-day moving average price is $60.82 and its 200 day moving average price is $61.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46.
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.
See Also
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