Healthcare of Ontario Pension Plan Trust Fund Takes $1.40 Million Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,173 shares of the company's stock, valued at approximately $1,404,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.05% of Brighthouse Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BHF. Venturi Wealth Management LLC boosted its stake in shares of Brighthouse Financial by 989.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. UMB Bank n.a. boosted its position in Brighthouse Financial by 974.1% during the third quarter. UMB Bank n.a. now owns 623 shares of the company's stock valued at $28,000 after acquiring an additional 565 shares during the last quarter. CWM LLC lifted its stake in shares of Brighthouse Financial by 29.4% in the 3rd quarter. CWM LLC now owns 1,491 shares of the company's stock valued at $67,000 after purchasing an additional 339 shares during the period. GAMMA Investing LLC lifted its stake in shares of Brighthouse Financial by 97.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company's stock valued at $78,000 after purchasing an additional 855 shares during the period. Finally, KBC Group NV grew its stake in Brighthouse Financial by 30.2% during the third quarter. KBC Group NV now owns 2,001 shares of the company's stock worth $90,000 after purchasing an additional 464 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BHF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Brighthouse Financial from $47.00 to $43.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 14th. Evercore ISI dropped their price target on Brighthouse Financial from $56.00 to $52.00 and set an "in-line" rating on the stock in a research note on Thursday, August 8th. Barclays started coverage on Brighthouse Financial in a report on Wednesday, September 4th. They set an "equal weight" rating and a $48.00 price objective for the company. Wells Fargo & Company increased their target price on Brighthouse Financial from $40.00 to $41.00 and gave the stock an "underweight" rating in a report on Thursday, October 10th. Finally, Piper Sandler boosted their price target on shares of Brighthouse Financial from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $50.63.

Insider Buying and Selling

In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of Brighthouse Financial stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $46.04, for a total value of $196,360.60. Following the transaction, the executive vice president now directly owns 86,262 shares of the company's stock, valued at $3,971,502.48. The trade was a 4.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Brighthouse Financial Stock Performance

Shares of BHF traded up $0.11 during mid-day trading on Monday, hitting $52.38. The stock had a trading volume of 373,741 shares, compared to its average volume of 424,928. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $56.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. The business has a fifty day moving average price of $48.29 and a 200-day moving average price of $45.77. The firm has a market cap of $3.11 billion, a P/E ratio of -2.59 and a beta of 1.05.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($0.51). The company had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $2.21 billion. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. During the same quarter in the prior year, the company earned $4.18 EPS. On average, equities research analysts expect that Brighthouse Financial, Inc. will post 18.47 EPS for the current year.

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.