Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC lifted its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,012 shares of the company’s stock after buying an additional 412 shares during the period. Headlands Technologies LLC’s holdings in Brighthouse Financial were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in BHF. American Century Companies Inc. increased its holdings in Brighthouse Financial by 21.8% in the 3rd quarter. American Century Companies Inc. now owns 667,411 shares of the company’s stock valued at $32,663,000 after purchasing an additional 119,345 shares during the last quarter. Richard Bernstein Advisors LLC acquired a new stake in Brighthouse Financial in the 3rd quarter valued at approximately $2,819,000. Lazard Asset Management LLC increased its holdings in Brighthouse Financial by 80.5% in the 3rd quarter. Lazard Asset Management LLC now owns 315,763 shares of the company’s stock valued at $15,452,000 after purchasing an additional 140,796 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Brighthouse Financial by 94.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 82,620 shares of the company’s stock valued at $4,043,000 after purchasing an additional 40,194 shares during the last quarter. Finally, Xponance Inc. increased its holdings in Brighthouse Financial by 4.5% in the 3rd quarter. Xponance Inc. now owns 9,099 shares of the company’s stock valued at $445,000 after purchasing an additional 394 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Insider Buying and Selling

In other Brighthouse Financial news, EVP Vonda Huss sold 10,000 shares of Brighthouse Financial stock in a transaction 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 transaction, the executive vice president now owns 27,080 shares in the company, valued at approximately $1,268,698. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Vonda Huss sold 10,000 shares of Brighthouse Financial stock in a transaction on Monday, February 26th. The shares were sold at an average price of $46.85, for a total transaction of $468,500.00. Following the transaction, the executive vice president now owns 27,080 shares in the company, valued at approximately $1,268,698. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric T. Steigerwalt sold 25,000 shares of Brighthouse Financial stock in a transaction on 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 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. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Piper Sandler boosted their price target on shares of Brighthouse Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Morgan Stanley downgraded shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price target for the company. in a research note on Friday, February 23rd. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $50.00 price target on shares of Brighthouse Financial in a research note on Friday, February 16th. Finally, Wells Fargo & Company boosted their price target on shares of Brighthouse Financial from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, Brighthouse Financial currently has an average rating of “Hold” and a consensus price target of $51.14.

Brighthouse Financial Stock Down 0.6 %

Brighthouse Financial stock traded down $0.30 during mid-day trading on Friday, reaching $48.73. The company had a trading volume of 591,148 shares, compared to its average volume of 388,440. Brighthouse Financial, Inc. has a 1 year low of $39.24 and a 1 year high of $56.24. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $48.33 and its 200-day simple moving average is $49.78.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Tuesday, February 13th. The company reported $2.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.91). Brighthouse Financial had a positive return on equity of 20.71% and a negative net margin of 27.01%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business posted $3.51 EPS. On average, sell-side analysts anticipate that Brighthouse Financial, Inc. will post 17.12 EPS for the current fiscal year.

Brighthouse Financial Company 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.