AQR Capital Management LLC Has $31.54 Million Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

AQR Capital Management LLC grew its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 156.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 656,464 shares of the company’s stock after buying an additional 400,924 shares during the period. AQR Capital Management LLC owned 1.11% of Brighthouse Financial worth $31,537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Range Financial Group LLC bought a new stake in Brighthouse Financial during the 4th quarter worth about $826,000. SG Americas Securities LLC acquired a new position in Brighthouse Financial in the fourth quarter valued at approximately $312,000. KBC Group NV lifted its holdings in Brighthouse Financial by 33.1% in the fourth quarter. KBC Group NV now owns 2,664 shares of the company’s stock valued at $128,000 after buying an additional 663 shares during the period. Institute for Wealth Management LLC. bought a new stake in shares of Brighthouse Financial during the 4th quarter valued at $287,000. Finally, Lecap Asset Management Ltd. lifted its stake in shares of Brighthouse Financial by 9.1% in the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company’s stock valued at $251,000 after purchasing an additional 436 shares during the period. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Performance

BHF opened at $58.89 on Friday. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 11.41 and a beta of 0.91. The business’s 50-day moving average price is $54.59 and its two-hundred day moving average price is $52.81. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92.

Brighthouse Financial (NASDAQ:BHF) last released 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%. Equities analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BHF shares. Wells Fargo & Company dropped their price objective on Brighthouse Financial from $59.00 to $52.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Raymond James upgraded shares of Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 price target on the stock in a research report on Tuesday, March 18th. Barclays upgraded shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $52.00 to $85.00 in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Finally, Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.00.

Brighthouse Financial Profile

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.