Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 15.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,367 shares of the company’s stock after purchasing an additional 8,434 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.10% of Brighthouse Financial worth $3,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BHF. Lindbrook Capital LLC boosted its holdings in shares of Brighthouse Financial by 412.3% in the fourth quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock valued at $29,000 after acquiring an additional 437 shares during the period. Blue Trust Inc. grew its position in Brighthouse Financial by 123.2% during the 4th quarter. Blue Trust Inc. now owns 732 shares of the company’s stock worth $36,000 after purchasing an additional 404 shares during the last quarter. GAMMA Investing LLC acquired a new position in Brighthouse Financial in the fourth quarter valued at $60,000. Quent Capital LLC raised its holdings in shares of Brighthouse Financial by 23.0% in the fourth quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock valued at $108,000 after buying an additional 382 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in shares of Brighthouse Financial during the fourth quarter worth about $167,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Stock Down 1.0 %

BHF stock opened at $44.20 on Thursday. Brighthouse Financial, Inc. has a 52 week low of $39.62 and a 52 week high of $56.24. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.74. The company has a market cap of $2.75 billion, a P/E ratio of -2.32 and a beta of 1.14. The company’s 50-day moving average price is $48.41 and its 200 day moving average price is $49.83.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Tuesday, May 7th. The company reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.29. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.14 billion. Brighthouse Financial had a positive return on equity of 23.49% and a negative net margin of 38.05%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.86 EPS. On average, research analysts expect that Brighthouse Financial, Inc. will post 16.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, EVP Vonda Huss sold 10,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.85, for a total transaction of $468,500.00. Following the sale, the executive vice president now owns 27,080 shares in the company, valued at approximately $1,268,698. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Vonda Huss sold 10,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.85, for a total value of $468,500.00. Following the transaction, the executive vice president now directly owns 27,080 shares of the company’s stock, valued at approximately $1,268,698. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.96, for a total value of $1,174,000.00. Following the completion of the transaction, the chief executive officer now directly owns 390,765 shares in the company, valued at $18,350,324.40. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BHF has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $50.00 price objective on shares of Brighthouse Financial in a research note on Friday, February 16th. Morgan Stanley downgraded Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price target for the company. in a report on Friday, February 23rd. Piper Sandler dropped their price objective on shares of Brighthouse Financial from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Finally, Wells Fargo & Company reduced their target price on shares of Brighthouse Financial from $51.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $50.29.

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.