Brighthouse Financial, Inc. (NASDAQ:BHF) Position Increased by Quantbot Technologies LP

Quantbot Technologies LP raised its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 34.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 53,149 shares of the company's stock after buying an additional 13,708 shares during the quarter. Quantbot Technologies LP owned about 0.09% of Brighthouse Financial worth $2,393,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of BHF. UMB Bank n.a. lifted its holdings 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 buying an additional 565 shares during the period. Venturi Wealth Management LLC raised its position in Brighthouse Financial by 989.5% in the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock worth $28,000 after acquiring an additional 564 shares in the last quarter. CWM LLC lifted its holdings 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 period. GAMMA Investing LLC lifted its holdings in Brighthouse Financial by 97.8% in the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company's stock valued at $78,000 after acquiring an additional 855 shares during the period. Finally, Quarry LP purchased a new stake in shares of Brighthouse Financial during the 2nd quarter worth $89,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Wall Street Analysts Forecast Growth

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

Brighthouse Financial Stock Performance

BHF stock traded down $0.06 during midday trading on Friday, reaching $52.27. The company had a trading volume of 151,237 shares, compared to its average volume of 425,150. The firm has a market capitalization of $3.10 billion, a PE ratio of -2.57 and a beta of 1.05. The stock has a 50 day moving average price of $48.13 and a 200 day moving average price of $45.73. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $56.24. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings data 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 negative net margin of 24.40% and a positive return on equity of 23.54%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the firm earned $4.18 EPS. Analysts anticipate that Brighthouse Financial, Inc. will post 18.44 earnings per share for the current year.

Insider Buying and Selling at Brighthouse Financial

In other news, EVP John Rosenthal sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $45.22, for a total value of $226,100.00. Following the completion of the sale, the executive vice president now directly owns 91,262 shares of the company's stock, valued at approximately $4,126,867.64. This represents a 5.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is owned by company insiders.

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.