LS Investment Advisors LLC Grows Holdings in Brighthouse Financial Inc (BHF)

LS Investment Advisors LLC raised its stake in Brighthouse Financial Inc (NASDAQ:BHF) by 129.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,624 shares of the company’s stock after purchasing an additional 9,935 shares during the quarter. LS Investment Advisors LLC’s holdings in Brighthouse Financial were worth $537,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its position in Brighthouse Financial by 162.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the company’s stock valued at $29,000 after purchasing an additional 591 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in Brighthouse Financial by 218.9% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,768 shares of the company’s stock valued at $84,000 after purchasing an additional 1,900 shares during the period. First Hawaiian Bank purchased a new position in Brighthouse Financial in the third quarter valued at about $142,000. AGF Investments America Inc. purchased a new position in Brighthouse Financial in the third quarter valued at about $164,000. Finally, Daiwa Securities Group Inc. purchased a new position in Brighthouse Financial in the third quarter valued at about $164,000. 91.34% of the stock is currently owned by institutional investors.

Several research analysts have commented on the company. BidaskClub lowered Brighthouse Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 12th. Bank of America dropped their target price on Brighthouse Financial from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 6th. Morgan Stanley dropped their target price on Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 6th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Brighthouse Financial in a research report on Tuesday, January 8th. Finally, Sandler O’Neill raised Brighthouse Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Brighthouse Financial has a consensus rating of “Hold” and an average target price of $53.27.

Shares of NASDAQ BHF opened at $35.27 on Monday. Brighthouse Financial Inc has a 1 year low of $28.52 and a 1 year high of $59.01. The stock has a market cap of $4.18 billion, a PE ratio of 5.66, a price-to-earnings-growth ratio of 0.45 and a beta of 2.13. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 0.46.

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Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It offers 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

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Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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