GSA Capital Partners LLP Buys Shares of 29,105 Brighthouse Financial, Inc. (NASDAQ:BHF)

GSA Capital Partners LLP bought a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,105 shares of the company's stock, valued at approximately $1,311,000.

A number of other large investors have also recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. raised its position in shares of Brighthouse Financial by 75.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 623,607 shares of the company's stock valued at $27,027,000 after purchasing an additional 269,062 shares during the last quarter. American Century Companies Inc. raised its position in Brighthouse Financial by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 1,273,882 shares of the company's stock worth $55,210,000 after buying an additional 228,814 shares during the last quarter. Millennium Management LLC raised its position in Brighthouse Financial by 278.0% during the 2nd quarter. Millennium Management LLC now owns 280,270 shares of the company's stock worth $12,147,000 after buying an additional 206,116 shares during the last quarter. Great Lakes Advisors LLC grew its stake in shares of Brighthouse Financial by 3,362.1% during the 2nd quarter. Great Lakes Advisors LLC now owns 158,149 shares of the company's stock worth $6,854,000 after purchasing an additional 153,581 shares during the period. Finally, Algebris UK Ltd acquired a new stake in shares of Brighthouse Financial during the 1st quarter worth approximately $6,938,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on BHF. Piper Sandler lifted 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. Evercore ISI reduced their price target on Brighthouse Financial from $56.00 to $52.00 and set an "in-line" rating on the stock in a report 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 target 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 report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods reduced 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 report on Wednesday, August 14th. Three 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, Brighthouse Financial presently has a consensus rating of "Hold" and a consensus price target of $50.63.

Brighthouse Financial Stock Performance

NASDAQ BHF traded down $0.63 on Thursday, reaching $50.71. The stock had a trading volume of 99,774 shares, compared to its average volume of 428,132. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.92. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $56.24. The business's 50-day moving average price is $46.21 and its 200 day moving average price is $45.47. The stock has a market cap of $3.01 billion, a P/E ratio of -2.53 and a beta of 1.05.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $2.21 billion. During the same quarter last year, the company earned $4.18 EPS. As a group, equities analysts expect that Brighthouse Financial, Inc. will post 18.44 earnings per share for the current year.

Insider Buying and Selling at Brighthouse Financial

In related news, EVP John Rosenthal sold 4,265 shares of the stock in a transaction 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 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP John Rosenthal sold 4,265 shares of the firm'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 transaction, the executive vice president now directly owns 86,262 shares in the company, valued at $3,971,502.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $45.67, for a total value of $1,141,750.00. Following the sale, the chief executive officer now owns 321,072 shares in the company, valued at approximately $14,663,358.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,265 shares of company stock valued at $1,564,211. Insiders own 1.40% of the company's stock.

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.