Optimize Financial Inc Makes New Investment in Brighthouse Financial, Inc. (NASDAQ:BHF)

Optimize Financial Inc purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,911 shares of the company's stock, valued at approximately $380,000.

Other large investors have also recently modified their holdings of the company. State Street Corp raised its stake in Brighthouse Financial by 2.2% in the third quarter. State Street Corp now owns 2,314,905 shares of the company's stock valued at $104,240,000 after purchasing an additional 50,441 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Brighthouse Financial by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company's stock valued at $49,160,000 after buying an additional 8,004 shares in the last quarter. Range Financial Group LLC bought a new stake in shares of Brighthouse Financial during the 4th quarter worth $826,000. SG Americas Securities LLC purchased a new position in Brighthouse Financial in the fourth quarter worth $312,000. Finally, KBC Group NV grew its position in Brighthouse Financial by 33.1% in the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after acquiring an additional 663 shares in the last quarter. Institutional investors own 81.24% of the company's stock.

Insider Activity at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

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Brighthouse Financial Trading Up 0.3 %

Shares of BHF stock traded up $0.16 during mid-day trading on Tuesday, reaching $50.66. The stock had a trading volume of 743,681 shares, compared to its average volume of 534,251. 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 stock's 50-day moving average price is $56.30 and its two-hundred day moving average price is $52.09. The firm has a market capitalization of $2.94 billion, a PE ratio of 9.82 and a beta of 0.91. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly 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 return on equity of 26.94% and a net margin of 8.21%. Equities analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BHF shares. Wells Fargo & Company dropped their price target on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Morgan Stanley dropped their target price on Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Raymond James raised shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target on the stock in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods increased their target price on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. Finally, Barclays raised shares of Brighthouse Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $52.00 to $85.00 in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $62.00.

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.