BNP Paribas Financial Markets Increases Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

BNP Paribas Financial Markets raised its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 310.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,543 shares of the company's stock after buying an additional 20,829 shares during the period. BNP Paribas Financial Markets' holdings in Brighthouse Financial were worth $1,240,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. UMB Bank n.a. lifted its stake in shares of Brighthouse Financial by 974.1% in the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company's stock valued at $28,000 after purchasing an additional 565 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Brighthouse Financial by 989.5% during the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock worth $28,000 after purchasing an additional 564 shares during the period. CWM LLC increased its stake in Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company's stock valued at $67,000 after acquiring an additional 339 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Brighthouse Financial by 97.8% during the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company's stock worth $78,000 after purchasing an additional 855 shares during the period. Finally, Quarry LP acquired a new position in Brighthouse Financial in the second quarter valued at $89,000. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Stock Down 3.3 %

Shares of NASDAQ:BHF traded down $1.65 during trading on Tuesday, reaching $48.45. 344,672 shares of the stock were exchanged, compared to its average volume of 423,358. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $56.24. The stock has a fifty day moving average of $49.20 and a two-hundred day moving average of $46.07. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of -2.38 and a beta of 1.06.

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

Insider Transactions at Brighthouse Financial

In other news, EVP Myles Lambert sold 8,400 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the transaction, the executive vice president now owns 33,407 shares of the company's stock, valued at $1,727,141.90. This represents a 20.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John Rosenthal sold 4,265 shares of the company's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $46.04, for a total value of $196,360.60. Following the completion of the transaction, the executive vice president now directly owns 86,262 shares of the company's stock, valued at approximately $3,971,502.48. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Brighthouse Financial from $44.00 to $47.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an "underweight" rating in a research report on Thursday, October 10th. Barclays assumed coverage on shares of Brighthouse Financial in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $48.00 target price for the company. Finally, Keefe, Bruyette & Woods lowered their price objective on 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. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Brighthouse Financial has a consensus rating of "Hold" and a consensus target price of $50.63.

Brighthouse Financial 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.