Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 34.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,149 shares of the company’s stock after buying an additional 13,708 shares during the period. Quantbot Technologies LP owned about 0.09% of Brighthouse Financial worth $2,393,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. D. E. Shaw & Co. Inc. lifted its holdings in shares of Brighthouse Financial by 75.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 623,607 shares of the company’s stock valued at $27,027,000 after acquiring an additional 269,062 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Brighthouse Financial by 21.9% during the second quarter. American Century Companies Inc. now owns 1,273,882 shares of the company’s stock worth $55,210,000 after purchasing an additional 228,814 shares in the last quarter. Millennium Management LLC boosted its position in shares of Brighthouse Financial by 278.0% in the second quarter. Millennium Management LLC now owns 280,270 shares of the company’s stock worth $12,147,000 after buying an additional 206,116 shares during the period. Great Lakes Advisors LLC boosted its position in shares of Brighthouse Financial by 3,362.1% in the second quarter. Great Lakes Advisors LLC now owns 158,149 shares of the company’s stock worth $6,854,000 after buying an additional 153,581 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Brighthouse Financial by 139.8% in the second quarter. Point72 Asset Management L.P. now owns 247,210 shares of the company’s stock valued at $10,714,000 after buying an additional 144,102 shares in the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of the business’s 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 transaction, the executive vice president now directly owns 86,262 shares of the company’s stock, valued at $3,971,502.48. The trade was a 4.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Down 0.2 %

BHF stock opened at $52.33 on Friday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of -2.57 and a beta of 1.05. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $56.24. The firm has a fifty day moving average price of $47.97 and a two-hundred day moving average price of $45.68. 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 (NASDAQ:BHF) last released its quarterly earnings data on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the company earned $4.18 EPS. Research analysts predict that Brighthouse Financial, Inc. will post 18.44 EPS for the current year.

Wall Street Analysts Forecast Growth

BHF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price target on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, August 14th. Piper Sandler raised their price target on shares of Brighthouse Financial from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Barclays initiated coverage on shares of Brighthouse Financial in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 price objective on the stock. Wells Fargo & Company increased their target price on Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Finally, Evercore ISI dropped their price target on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.