30,454 Shares in Brighthouse Financial, Inc. (NASDAQ:BHF) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,454 shares of the company's stock, valued at approximately $1,463,000. Bryce Point Capital LLC owned approximately 0.05% of Brighthouse Financial as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. KBC Group NV boosted its holdings in Brighthouse Financial by 33.1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock valued at $128,000 after acquiring an additional 663 shares during the period. Lecap Asset Management Ltd. grew its holdings in shares of Brighthouse Financial by 9.1% in the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock valued at $251,000 after purchasing an additional 436 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Brighthouse Financial during the 4th quarter worth approximately $258,000. Institute for Wealth Management LLC. acquired a new stake in Brighthouse Financial during the 4th quarter worth approximately $287,000. Finally, SG Americas Securities LLC acquired a new stake in Brighthouse Financial during the 4th quarter worth approximately $312,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Brighthouse Financial

In other news, EVP John Rosenthal sold 10,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the executive vice president now directly owns 66,262 shares of the company's stock, valued at $4,041,982. This represents a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

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Brighthouse Financial Trading Down 4.1 %

BHF traded down $2.03 during midday trading on Monday, hitting $47.03. The company's stock had a trading volume of 445,678 shares, compared to its average volume of 784,743. The firm has a 50-day moving average price of $58.04 and a two-hundred day moving average price of $51.85. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $64.12. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2.73 billion, a P/E ratio of 9.10 and a beta of 0.91.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, topping analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. On average, research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Wall Street Analyst Weigh In

BHF has been the topic of a number of recent research reports. Jefferies Financial Group lowered Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price objective on the stock. in a research report on Monday, February 3rd. Keefe, Bruyette & Woods increased their price target on Brighthouse Financial from $60.00 to $66.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. Morgan Stanley set a $52.00 price objective on Brighthouse Financial in a research report on Friday, February 28th. Raymond James raised shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 target price on the stock in a report on Tuesday, March 18th. Finally, UBS Group set a $72.00 price target on shares of Brighthouse Financial in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Brighthouse Financial currently has a consensus rating of "Hold" and a consensus target price of $63.80.

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.