Quantbot Technologies LP Buys 20,744 Shares of Brighthouse Financial, Inc. $BHF

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Quantbot Technologies LP lifted its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 38.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,899 shares of the company's stock after buying an additional 20,744 shares during the period. Quantbot Technologies LP owned about 0.13% of Brighthouse Financial worth $4,343,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BHF. Versant Capital Management Inc increased its holdings in shares of Brighthouse Financial by 188.0% during the first quarter. Versant Capital Management Inc now owns 622 shares of the company's stock worth $36,000 after buying an additional 406 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Brighthouse Financial by 42.0% during the first quarter. Brooklyn Investment Group now owns 764 shares of the company's stock worth $44,000 after buying an additional 226 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Brighthouse Financial by 101.7% during the first quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock worth $70,000 after buying an additional 605 shares in the last quarter. Siemens Fonds Invest GmbH acquired a new position in shares of Brighthouse Financial during the fourth quarter worth $94,000. Finally, GAMMA Investing LLC increased its holdings in shares of Brighthouse Financial by 11.0% during the first quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock worth $118,000 after buying an additional 202 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Trading Up 1.4%

Shares of Brighthouse Financial stock traded up $0.67 during trading on Friday, hitting $47.09. The company's stock had a trading volume of 448,155 shares, compared to its average volume of 683,593. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 5.10 and a beta of 0.88. The stock has a 50-day moving average price of $50.42 and a two-hundred day moving average price of $54.55.

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

Wall Street Analyst Weigh In

BHF has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Morgan Stanley lowered their price target on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating for the company in a report on Monday, July 14th. Wells Fargo & Company upped their price target on shares of 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. boosted their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Finally, Piper Sandler reduced their price objective on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given 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 currently has a consensus rating of "Hold" and a consensus target price of $59.67.

Insider Buying and Selling

In other Brighthouse Financial news, EVP Vonda Huss sold 3,000 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $59.51, for a total transaction of $178,530.00. Following the sale, the executive vice president owned 18,441 shares of the company's stock, valued at approximately $1,097,423.91. This represents a 13.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company's stock.

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.