Joel Isaacson & Co. LLC Buys New Shares in Brighthouse Financial, Inc. (NASDAQ:BHF)

Joel Isaacson & Co. LLC purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,384 shares of the company's stock, valued at approximately $643,000.

A number of other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. grew its position in shares of Brighthouse Financial by 974.1% in the third 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 last quarter. Venturi Wealth Management LLC grew its position in shares of Brighthouse Financial by 989.5% in the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. CWM LLC grew its position in shares of 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 purchasing an additional 339 shares during the last quarter. GAMMA Investing LLC grew its position in 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 buying an additional 855 shares in the last quarter. Finally, KBC Group NV grew its position in Brighthouse Financial by 30.2% during the third quarter. KBC Group NV now owns 2,001 shares of the company's stock worth $90,000 after buying an additional 464 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Brighthouse Financial Stock Performance

Brighthouse Financial stock remained flat at $58.49 during midday trading on Wednesday. The company had a trading volume of 1,391,526 shares, compared to its average volume of 711,854. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.00. The company has a market cap of $3.47 billion, a P/E ratio of -2.88 and a beta of 1.10. The business has a 50 day moving average price of $51.47 and a two-hundred day moving average price of $48.32. 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 (NASDAQ:BHF - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. On average, equities research analysts predict that Brighthouse Financial, Inc. will post 18.2 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 business'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 transaction, the executive vice president now owns 33,407 shares in the company, valued at $1,727,141.90. The trade was a 20.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Rosenthal sold 10,000 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the transaction, the executive vice president now owns 66,262 shares in the company, valued at approximately $4,041,982. The trade was a 13.11 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

BHF has been the subject of several recent analyst reports. Barclays upgraded Brighthouse Financial from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $52.00 to $85.00 in a research note on Wednesday, January 29th. Jefferies Financial Group cut Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 target price for the company. in a research note on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on Brighthouse Financial from $48.00 to $60.00 and gave the stock a "market perform" rating in a research note on Wednesday, January 29th. Piper Sandler cut their target price on Brighthouse Financial from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company cut their target price on Brighthouse Financial from $42.00 to $41.00 and set an "underweight" rating for the company in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $57.75.

About Brighthouse Financial

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.