Brighthouse Financial, Inc. (NASDAQ:BHFAL) Short Interest Update

Posted by Xavier Holt on Nov 16th, 2024

Brighthouse Financial, Inc. (NASDAQ:BHFAL – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 120,100 shares, an increase of 51.8% from the October 15th total of 79,100 shares. Based on an average daily trading volume, of 23,200 shares, the days-to-cover ratio is currently 5.2 days.

Institutional Investors Weigh In On Brighthouse Financial

An institutional investor recently raised its position in Brighthouse Financial stock. Crossmark Global Holdings Inc. grew its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHFAL – Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,741 shares of the company’s stock after purchasing an additional 3,565 shares during the period. Crossmark Global Holdings Inc.’s holdings in Brighthouse Financial were worth $6,787,000 as of its most recent filing with the Securities and Exchange Commission.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHFAL traded up $0.10 during midday trading on Friday, hitting $24.69. 33,302 shares of the company’s stock were exchanged, compared to its average volume of 22,711. Brighthouse Financial has a twelve month low of $20.38 and a twelve month high of $25.47. The stock’s 50 day moving average price is $24.85 and its 200-day moving average price is $23.43.

Brighthouse Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Sunday, September 1st were issued a $0.3906 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Brighthouse Financial’s previous quarterly dividend of $0.39. This represents a $1.56 annualized dividend and a dividend yield of 6.33%.

About Brighthouse Financial

(Get Free Report)

Brighthouse Financial, Inc operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others.