Range Financial Group LLC Takes $826,000 Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Range Financial Group LLC purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 BHF. Venturi Wealth Management LLC grew its position in Brighthouse Financial by 989.5% in the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock worth $28,000 after acquiring an additional 564 shares during the period. UMB Bank n.a. increased its position in shares of Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company's stock worth $28,000 after purchasing an additional 565 shares during the last quarter. CWM LLC raised its holdings in Brighthouse Financial by 29.4% in the 3rd quarter. CWM LLC now owns 1,491 shares of the company's stock valued at $67,000 after buying an additional 339 shares during the period. GAMMA Investing LLC lifted its position in Brighthouse Financial by 97.8% in the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company's stock valued at $78,000 after buying an additional 855 shares during the last quarter. Finally, KBC Group NV boosted 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 buying an additional 464 shares during the period. Institutional investors and hedge funds own 81.24% of the company's stock.

Brighthouse Financial Stock Performance

NASDAQ BHF traded up $0.20 during trading hours on Tuesday, hitting $48.24. The company had a trading volume of 308,797 shares, compared to its average volume of 293,349. The business has a 50 day moving average of $49.72 and a 200-day moving average of $46.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $54.73. The company has a market cap of $2.86 billion, a PE ratio of -2.37 and a beta of 1.08.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $2.21 billion. During the same quarter in the prior year, the business earned $4.18 EPS. As a group, equities research analysts expect that Brighthouse Financial, Inc. will post 18.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BHF. JPMorgan Chase & Co. reduced their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating on the stock in a research note on Tuesday. Barclays lifted their target price on Brighthouse Financial from $48.00 to $52.00 and gave the company an "equal weight" rating in a research report on Monday, December 16th. Wells Fargo & Company raised their price target on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an "underweight" rating in a research report on Thursday, October 10th. Finally, Piper Sandler cut their target price on shares of Brighthouse Financial from $55.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $51.38.

Insider Transactions at Brighthouse Financial

In other news, EVP John Rosenthal sold 4,265 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $46.04, for a total transaction of $196,360.60. Following the completion of the sale, the executive vice president now owns 86,262 shares in the company, valued at approximately $3,971,502.48. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Myles Lambert sold 8,400 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the transaction, the executive vice president now owns 33,407 shares in the company, valued at $1,727,141.90. This trade represents a 20.09 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

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.