Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 12.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 320,700 shares of the company's stock after purchasing an additional 35,800 shares during the period. Two Sigma Advisers LP owned approximately 0.54% of Brighthouse Financial worth $14,441,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BHF. UMB Bank n.a. raised its stake 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 acquiring an additional 565 shares during the period. Venturi Wealth Management LLC grew 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 valued at $28,000 after purchasing an additional 564 shares during the last quarter. CWM LLC raised its position in Brighthouse Financial by 29.4% in the 3rd quarter. CWM LLC now owns 1,491 shares of the company's stock worth $67,000 after purchasing an additional 339 shares during the period. GAMMA Investing LLC lifted its stake in Brighthouse Financial by 97.8% in the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company's stock worth $78,000 after purchasing an additional 855 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Brighthouse Financial during the second quarter valued at approximately $89,000. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Trading Down 1.8 %

Shares of NASDAQ BHF traded down $0.94 during midday trading on Monday, reaching $50.10. 329,615 shares of the company's stock traded hands, compared to its average volume of 423,510. The stock's 50 day simple moving average is $49.01 and its 200-day simple moving average is $45.98. 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, Inc. has a one year low of $40.00 and a one year high of $56.24.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($0.51). The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. During the same period last year, the business posted $4.18 EPS. On average, research analysts predict that Brighthouse Financial, Inc. will post 18.47 EPS for the current fiscal year.

Insider Buying and Selling at Brighthouse Financial

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BHF shares. Piper Sandler raised their price target on Brighthouse Financial from $44.00 to $47.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their target price on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an "underweight" rating in a research note on Thursday, October 10th. Barclays assumed coverage on shares of Brighthouse Financial in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $48.00 price target on the stock. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Brighthouse Financial from $47.00 to $43.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 14th. Three investment 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $50.63.

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.