New Age Alpha Advisors LLC Acquires New Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

New Age Alpha Advisors LLC acquired a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) in the 4th quarter, HoldingsChannel reports. The firm acquired 8,952 shares of the company’s stock, valued at approximately $430,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Brighthouse Financial during the 4th quarter valued at approximately $37,131,000. Caisse Des Depots ET Consignations acquired a new stake in Brighthouse Financial in the fourth quarter valued at approximately $4,321,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Brighthouse Financial by 0.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company’s stock worth $3,501,000 after buying an additional 388 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Brighthouse Financial by 55.3% in the 4th quarter. LPL Financial LLC now owns 39,545 shares of the company’s stock valued at $1,900,000 after acquiring an additional 14,084 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Brighthouse Financial during the 4th quarter valued at $620,000. 81.24% of the stock is currently owned by institutional investors.

Insider Transactions at Brighthouse Financial

In other news, EVP John Rosenthal sold 10,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, the executive vice president now owns 66,262 shares of the company’s stock, valued at $4,041,982. This represents a 13.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Performance

Shares of BHF opened at $58.17 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63. The firm’s fifty day simple moving average is $57.79 and its two-hundred day simple moving average is $51.61. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The stock has a market capitalization of $3.38 billion, a P/E ratio of 11.27 and a beta of 1.11.

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

Analysts Set New Price Targets

BHF has been the subject of a number of recent research reports. Wells Fargo & Company raised Brighthouse Financial from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $41.00 to $59.00 in a report on Wednesday, February 19th. UBS Group set a $72.00 price objective on shares of Brighthouse Financial in a report on Tuesday, March 18th. Barclays raised shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $85.00 in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Finally, Morgan Stanley set a $52.00 price objective on shares of Brighthouse Financial in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.80.

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.