Jump Financial LLC Purchases New Shares in Brighthouse Financial, Inc. $BHF

Key Points

• Jump Financial LLC acquired 97,776 shares of Brighthouse Financial, valued at approximately $5.67 million, during the first quarter, resulting in about 0.17% ownership of the company.
• Brighthouse Financial reported earnings per share of $3.43 for the last quarter, missing the consensus estimate of $4.70, with revenue also falling short at $2.15 billion.
• Following recent stock research reports, Brighthouse Financial has a consensus rating of "Hold" with a price target averaging $59.67, reflecting a mixture of buy, hold, and sell ratings from analysts.

Jump Financial LLC bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 97,776 shares of the company's stock, valued at approximately $5,670,000. Jump Financial LLC owned approximately 0.17% of Brighthouse Financial as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in shares of Brighthouse Financial by 188.0% in the 1st quarter. Versant Capital Management Inc now owns 622 shares of the company's stock worth $36,000 after acquiring an additional 406 shares during the period. Brooklyn Investment Group increased its position in shares of Brighthouse Financial by 42.0% during the first quarter. Brooklyn Investment Group now owns 764 shares of the company's stock valued at $44,000 after purchasing an additional 226 shares during the period. UMB Bank n.a. raised its stake in shares of Brighthouse Financial by 101.7% in the first quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock valued at $70,000 after purchasing an additional 605 shares in the last quarter. Siemens Fonds Invest GmbH bought a new position in Brighthouse Financial in the fourth quarter worth $94,000. Finally, GAMMA Investing LLC lifted its position in Brighthouse Financial by 11.0% in the first quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock worth $118,000 after purchasing an additional 202 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Price Performance

Shares of NASDAQ BHF traded down $0.17 during mid-day trading on Thursday, hitting $46.72. 466,941 shares of the stock were exchanged, compared to its average volume of 836,417. The company has a market cap of $2.67 billion, a P/E ratio of 5.06 and a beta of 0.88. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. The stock's fifty day simple moving average is $49.72 and its two-hundred day simple moving average is $54.35.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $3.43 earnings per share for the quarter, missing analysts' consensus estimates of $4.70 by ($1.27). Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business earned $5.57 earnings per share. The company's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, analysts forecast that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $59.51, for a total value of $178,530.00. Following the completion of the transaction, the executive vice president directly owned 18,441 shares of the company's stock, valued at $1,097,423.91. The trade was a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on BHF. Wall Street Zen lowered shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Keefe, Bruyette & Woods lowered their price target on shares of Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating on the stock in a report on Monday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Piper Sandler lowered their price target on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. Finally, Morgan Stanley lowered their price target on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating on the stock in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Brighthouse Financial presently has a consensus rating of "Hold" and an average price target of $59.67.

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.