Victory Capital Management Inc. Has $48.27 Million Stake in Brighthouse Financial, Inc. $BHF

Victory Capital Management Inc. lowered its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 909,406 shares of the company’s stock after selling 78,243 shares during the quarter. Victory Capital Management Inc. owned about 1.59% of Brighthouse Financial worth $48,271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BHF. Smartleaf Asset Management LLC lifted its stake in shares of Brighthouse Financial by 66.5% in the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after buying an additional 226 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Brighthouse Financial by 540.4% during the third quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock valued at $34,000 after buying an additional 535 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Brighthouse Financial by 225.5% during the third 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. Jones Financial Companies Lllp raised its holdings in shares of Brighthouse Financial by 835.2% in the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after acquiring an additional 735 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in shares of Brighthouse Financial in the 3rd quarter worth about $50,000. Institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BHF shares. Raymond James Financial reiterated a “market perform” rating on shares of Brighthouse Financial in a research note on Wednesday, November 12th. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday, December 29th. Finally, Barclays cut Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a research report on Thursday, January 8th. Eight analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $63.67.

Brighthouse Financial Stock Down 2.8%

Brighthouse Financial stock opened at $59.19 on Friday. Brighthouse Financial, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $66.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50-day simple moving average is $63.49 and its 200 day simple moving average is $58.28. The stock has a market cap of $3.38 billion, a PE ratio of 10.21 and a beta of 0.96.

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.