Aigen Investment Management LP Purchases New Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Key Points

• Aigen Investment Management LP has invested approximately $540,000 in Brighthouse Financial, Inc. by purchasing 9,320 shares of its stock during the 1st quarter.
• Brighthouse Financial's shares have seen a recent price drop; the company reported earnings per share of $3.43, missing estimates and reflecting a decrease from $5.57 in the previous year.
• Equities analysts have been lowering their price targets for Brighthouse Financial, with a consensus rating of "Hold" and an average price target of $59.67.

Aigen Investment Management LP acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,320 shares of the company's stock, valued at approximately $540,000.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc increased its holdings 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 valued at $36,000 after acquiring an additional 406 shares during the period. UMB Bank n.a. lifted its holdings in shares of Brighthouse Financial by 101.7% in the 1st quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock valued at $70,000 after buying an additional 605 shares during the period. Siemens Fonds Invest GmbH acquired a new position in shares of Brighthouse Financial in the 4th quarter valued at about $94,000. GAMMA Investing LLC lifted its holdings in shares of Brighthouse Financial by 11.0% in the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock valued at $118,000 after buying an additional 202 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Brighthouse Financial by 15.0% in the 1st quarter. Signaturefd LLC now owns 3,138 shares of the company's stock valued at $182,000 after buying an additional 410 shares during the period. 81.24% of the stock is owned by institutional investors.

Insider Activity at Brighthouse Financial

In related news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction on 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 in the company, valued at approximately $1,097,423.91. This trade represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Brighthouse Financial Trading Down 2.1%

BHF stock traded down $1.00 during midday trading on Friday, hitting $45.68. 600,136 shares of the company's stock were exchanged, compared to its average volume of 853,488. The business has a 50-day simple moving average of $51.83 and a two-hundred day simple moving average of $55.21. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $2.61 billion, a PE ratio of 4.94 and a beta of 0.88. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $64.12.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. upped their price target on Brighthouse Financial from $56.00 to $63.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Morgan Stanley reduced their price target on Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating for the company in a report on Monday, July 14th. Wall Street Zen cut Brighthouse Financial from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Barclays reduced their target price on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.