Proficio Capital Partners LLC purchased a new position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,198 shares of the company's stock, valued at approximately $826,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Venturi Wealth Management LLC lifted its holdings in Brighthouse Financial by 989.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock worth $28,000 after buying an additional 564 shares during the last quarter. KBC Group NV lifted its stake 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 purchasing an additional 464 shares during the last quarter. Lecap Asset Management Ltd. boosted its holdings in Brighthouse Financial by 9.1% in the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock worth $251,000 after purchasing an additional 436 shares during the period. Institute for Wealth Management LLC. bought a new stake in Brighthouse Financial during the fourth quarter valued at $287,000. Finally, MQS Management LLC acquired a new stake in shares of Brighthouse Financial during the third quarter worth $277,000. Institutional investors own 81.24% of the company's stock.
Brighthouse Financial Price Performance
BHF traded up $0.97 on Wednesday, reaching $54.31. The company had a trading volume of 552,580 shares, compared to its average volume of 797,392. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.12. The company has a market capitalization of $3.15 billion, a P/E ratio of 10.52 and a beta of 1.11. The company has a fifty day moving average of $55.12 and a 200-day moving average of $50.20. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63.
Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. As a group, equities research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.
Analyst Upgrades and Downgrades
BHF has been the subject of a number of recent research reports. Morgan Stanley set a $52.00 price objective on shares of Brighthouse Financial in a research report on Friday, February 28th. Barclays raised Brighthouse Financial from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $52.00 to $85.00 in a report on Wednesday, January 29th. Jefferies Financial Group downgraded Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target on the stock. in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a research note on Tuesday, January 7th. Finally, Piper Sandler raised their target price on Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Brighthouse Financial has a consensus rating of "Hold" and a consensus price target of $61.75.
Check Out Our Latest Report on Brighthouse Financial
Insider Transactions at Brighthouse Financial
In other news, EVP John Rosenthal sold 10,000 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company's stock.
Brighthouse Financial Company Profile
(
Free Report)
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.
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