Treasurer of the State of North Carolina Has $1.27 Million Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Treasurer of the State of North Carolina lowered its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 2.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 26,390 shares of the company’s stock after selling 590 shares during the period. Treasurer of the State of North Carolina’s holdings in Brighthouse Financial were worth $1,268,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd increased its stake in shares of Brighthouse Financial by 327.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock worth $44,000 after purchasing an additional 703 shares during the period. KBC Group NV lifted its holdings in shares of Brighthouse Financial by 33.1% during the fourth quarter. KBC Group NV now owns 2,664 shares of the company’s stock worth $128,000 after buying an additional 663 shares in the last quarter. Polymer Capital Management US LLC bought a new stake in shares of Brighthouse Financial in the fourth quarter valued at about $233,000. Lecap Asset Management Ltd. increased its position in Brighthouse Financial by 9.1% during the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company’s stock worth $251,000 after acquiring an additional 436 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in Brighthouse Financial in the 4th quarter worth about $258,000. 81.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their target price on Brighthouse Financial from $59.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a research note on Monday, February 3rd. Finally, UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research report on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Brighthouse Financial presently has an average rating of “Hold” and a consensus target price of $62.00.

Brighthouse Financial Price Performance

BHF stock opened at $50.65 on Friday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 9.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The company has a 50 day simple moving average of $55.93 and a 200 day simple moving average of $52.11. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. Research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the executive vice president now directly owns 66,262 shares of the company’s stock, valued at $4,041,982. The trade was a 13.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

About Brighthouse Financial

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders’ needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.