Bfsg LLC Invests $167,000 in Brighthouse Financial, Inc. (NASDAQ:BHF)

Bfsg LLC bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,160 shares of the company’s stock, valued at approximately $167,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BHF. Lindbrook Capital LLC grew its stake in Brighthouse Financial by 412.3% in the fourth quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock valued at $29,000 after acquiring an additional 437 shares during the period. Blue Trust Inc. boosted its position in shares of Brighthouse Financial by 123.2% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the company’s stock worth $36,000 after buying an additional 404 shares during the period. GAMMA Investing LLC acquired a new position in shares of Brighthouse Financial during the fourth quarter worth about $60,000. Quent Capital LLC raised its holdings in Brighthouse Financial by 23.0% during the fourth quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock worth $108,000 after acquiring an additional 382 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Brighthouse Financial by 13.7% during the fourth quarter. Signaturefd LLC now owns 3,736 shares of the company’s stock worth $198,000 after acquiring an additional 450 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

NASDAQ:BHF traded down $1.38 during trading hours on Thursday, hitting $49.12. 151,573 shares of the company were exchanged, compared to its average volume of 424,472. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.63. Brighthouse Financial, Inc. has a one year low of $39.24 and a one year high of $56.24. The company has a fifty day simple moving average of $48.26 and a 200 day simple moving average of $49.78.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Tuesday, February 13th. The company reported $2.92 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.91). The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $2.13 billion. Brighthouse Financial had a negative net margin of 27.01% and a positive return on equity of 20.71%. During the same quarter in the prior year, the business earned $3.51 earnings per share. Equities research analysts expect that Brighthouse Financial, Inc. will post 17.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of Brighthouse Financial stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the completion of the transaction, the chief executive officer now owns 390,765 shares in the company, valued at approximately $18,350,324.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Vonda Huss sold 10,000 shares of Brighthouse Financial stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the sale, the executive vice president now owns 27,080 shares of the company’s stock, valued at approximately $1,268,698. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the sale, the chief executive officer now directly owns 390,765 shares in the company, valued at approximately $18,350,324.40. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $50.00 target price on shares of Brighthouse Financial in a report on Friday, February 16th. Wells Fargo & Company upped their price objective on Brighthouse Financial from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Morgan Stanley lowered Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 23rd. Finally, Piper Sandler upped their price objective on Brighthouse Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, Brighthouse Financial has a consensus rating of “Hold” and an average target price of $51.14.

About Brighthouse Financial

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.