Vinva Investment Management Ltd Boosts Stake in Brighthouse Financial, Inc. (NASDAQ:BHF)

Vinva Investment Management Ltd grew its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 88.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,100 shares of the company's stock after acquiring an additional 7,094 shares during the quarter. Vinva Investment Management Ltd's holdings in Brighthouse Financial were worth $725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Xponance Inc. lifted its position in shares of Brighthouse Financial by 2.7% during the fourth quarter. Xponance Inc. now owns 6,860 shares of the company's stock valued at $330,000 after purchasing an additional 181 shares in the last quarter. Amalgamated Bank lifted its position in shares of Brighthouse Financial by 0.8% during the 4th quarter. Amalgamated Bank now owns 28,345 shares of the company's stock worth $1,362,000 after buying an additional 227 shares in the last quarter. Lecap Asset Management Ltd. boosted its stake in shares of Brighthouse Financial by 9.1% in the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock worth $251,000 after buying an additional 436 shares during the last quarter. KBC Group NV grew its holdings in shares of Brighthouse Financial by 30.2% in the third quarter. KBC Group NV now owns 2,001 shares of the company's stock valued at $90,000 after acquiring an additional 464 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of Brighthouse Financial by 6.6% during the fourth quarter. Corient Private Wealth LLC now owns 11,895 shares of the company's stock valued at $571,000 after acquiring an additional 738 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF traded down $0.14 during midday trading on Tuesday, hitting $59.20. The company's stock had a trading volume of 590,883 shares, compared to its average volume of 481,995. The stock has a fifty day moving average price of $56.77 and a 200 day moving average price of $50.91. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 11.47 and a beta of 1.11. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.12. 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 issued its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. On average, research analysts forecast that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Insider Activity at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the transaction, the executive vice president now owns 66,262 shares of the company's stock, valued at approximately $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on BHF shares. Wells Fargo & Company raised Brighthouse Financial from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $41.00 to $59.00 in a research report on Wednesday, February 19th. UBS Group set a $72.00 price target on shares of Brighthouse Financial in a research report on Tuesday, March 18th. Raymond James upgraded shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price objective for the company in a report on Tuesday, March 18th. Keefe, Bruyette & Woods boosted their target price on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley set a $52.00 price target on shares of Brighthouse Financial in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $63.80.

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.