Caxton Associates LP Acquires 47,587 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Caxton Associates LP increased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 73.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,993 shares of the company's stock after acquiring an additional 47,587 shares during the quarter. Caxton Associates LP owned approximately 0.18% of Brighthouse Financial worth $4,854,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. American Century Companies Inc. increased its stake in shares of 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 purchasing an additional 228,814 shares during the last quarter. Norges Bank purchased a new stake in Brighthouse Financial in the fourth quarter worth $33,362,000. Private Management Group Inc. raised its stake in shares of Brighthouse Financial by 1.9% in the first quarter. Private Management Group Inc. now owns 340,683 shares of the company's stock valued at $17,559,000 after buying an additional 6,496 shares during the period. Principal Financial Group Inc. lifted its position in shares of Brighthouse Financial by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 241,938 shares of the company's stock valued at $12,469,000 after buying an additional 5,743 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Brighthouse Financial by 0.9% during the 1st quarter. Russell Investments Group Ltd. now owns 226,045 shares of the company's stock worth $11,650,000 after acquiring an additional 1,942 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP John Rosenthal sold 5,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $45.22, for a total value of $226,100.00. Following the transaction, the executive vice president now owns 91,262 shares of the company's stock, valued at $4,126,867.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Brighthouse Financial news, EVP John Rosenthal sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $45.22, for a total transaction of $226,100.00. Following the transaction, the executive vice president now directly owns 91,262 shares in the company, valued at $4,126,867.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $45.67, for a total transaction of $1,141,750.00. Following the completion of the sale, the chief executive officer now owns 321,072 shares of the company's stock, valued at $14,663,358.24. The disclosure for this sale can be found here. Insiders sold a total of 42,125 shares of company stock valued at $1,895,248 in the last quarter. Corporate insiders own 1.40% of the company's stock.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock traded up $0.20 during trading on Wednesday, hitting $43.71. The stock had a trading volume of 261,380 shares, compared to its average volume of 437,679. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of -2.30 and a beta of 1.06. 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 is $44.75 and its 200 day moving average is $45.82. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.75.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share for the quarter, beating the consensus estimate of $4.36 by $1.21. The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.21 billion. Brighthouse Financial had a positive return on equity of 26.22% and a negative net margin of 22.03%. The company's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $4.13 EPS. As a group, sell-side analysts anticipate that Brighthouse Financial, Inc. will post 18.16 earnings per share for the current year.

Analyst Ratings Changes

BHF has been the topic of a number of research reports. Barclays started coverage on Brighthouse Financial in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $48.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of Brighthouse Financial from $58.00 to $59.00 and gave the company an "underweight" rating in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods cut their price objective on shares of Brighthouse Financial from $47.00 to $43.00 and set a "market perform" rating for the company in a report on Wednesday, August 14th. Evercore ISI lowered their target price on shares of Brighthouse Financial from $56.00 to $52.00 and set an "in-line" rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company lowered Brighthouse Financial from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $51.00 to $40.00 in a report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Brighthouse Financial presently has an average rating of "Hold" and a consensus target price of $50.25.

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.