Jefferies Financial Group Inc. Purchases 147,555 Shares of Brighthouse Financial, Inc. $BHF

Jefferies Financial Group Inc. boosted its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 111.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 279,621 shares of the company’s stock after purchasing an additional 147,555 shares during the quarter. Jefferies Financial Group Inc. owned about 0.49% of Brighthouse Financial worth $14,842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in shares of Brighthouse Financial by 66.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after buying an additional 226 shares in the last quarter. Clearstead Advisors LLC increased its stake 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 period. Hantz Financial Services Inc. raised its holdings in shares of Brighthouse Financial by 225.5% in the third quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock valued at $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 first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after acquiring an additional 735 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in Brighthouse Financial in the third quarter worth about $50,000. 81.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Brighthouse Financial Trading Down 2.8%

Shares of NASDAQ BHF opened at $59.19 on Monday. Brighthouse Financial, Inc. has a 1-year low of $42.07 and a 1-year high of $66.33. The business has a fifty day moving average price of $63.49 and a 200 day moving average price of $58.36. The stock has a market capitalization of $3.38 billion, a P/E ratio of 10.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.95.

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.