Quantinno Capital Management LP Raises Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Quantinno Capital Management LP raised its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 53.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 46,707 shares of the company's stock after acquiring an additional 16,243 shares during the period. Quantinno Capital Management LP owned about 0.08% of Brighthouse Financial worth $2,103,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Lighthouse Investment Partners LLC increased its position in shares of Brighthouse Financial by 204.6% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 135,730 shares of the company's stock worth $5,883,000 after purchasing an additional 91,175 shares during the last quarter. Edgestream Partners L.P. increased its position in shares of Brighthouse Financial by 12.7% during the 2nd quarter. Edgestream Partners L.P. now owns 153,789 shares of the company's stock worth $6,665,000 after purchasing an additional 17,329 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Brighthouse Financial during the 2nd quarter worth approximately $3,439,000. GSA Capital Partners LLP acquired a new position in shares of Brighthouse Financial during the 3rd quarter worth approximately $1,311,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Brighthouse Financial during the 3rd quarter worth approximately $1,404,000. Institutional investors own 81.24% of the company's stock.

Wall Street Analyst Weigh In

BHF has been the topic of a number of recent analyst reports. Barclays initiated coverage on Brighthouse Financial in a report on Wednesday, September 4th. They set an "equal weight" rating and a $48.00 target price on the stock. Piper Sandler boosted their target price on Brighthouse Financial from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted 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, Keefe, Bruyette & Woods reduced their price target on Brighthouse Financial from $47.00 to $43.00 and set a "market perform" rating for the company in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Brighthouse Financial presently has an average rating of "Hold" and an average price target of $50.63.

Brighthouse Financial Price Performance

Shares of BHF stock traded down $0.35 on Wednesday, hitting $48.10. 174,945 shares of the company's stock were exchanged, compared to its average volume of 422,292. 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 12 month low of $40.00 and a 12 month high of $56.24. The stock has a market cap of $2.85 billion, a P/E ratio of -2.38 and a beta of 1.06. The company has a 50 day moving average of $49.20 and a 200 day moving average of $46.07.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the company earned $4.18 EPS. On average, equities research analysts predict that Brighthouse Financial, Inc. will post 18.47 EPS for the current year.

Insider Activity

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

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.