Brighthouse Financial, Inc. $BHF Stake Boosted by Quantbot Technologies LP

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Quantbot Technologies LP increased its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 38.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,899 shares of the company's stock after purchasing an additional 20,744 shares during the quarter. Quantbot Technologies LP owned 0.13% of Brighthouse Financial worth $4,343,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Brighthouse Financial by 7.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 195,895 shares of the company's stock worth $9,411,000 after purchasing an additional 14,316 shares during the last quarter. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 202 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Brighthouse Financial during the first quarter worth $780,000. Four Tree Island Advisory LLC bought a new position in Brighthouse Financial during the first quarter worth $699,000. Finally, Ameriprise Financial Inc. lifted its stake in Brighthouse Financial by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 74,877 shares of the company's stock worth $3,597,000 after purchasing an additional 491 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Insider Activity at Brighthouse Financial

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley reduced their price objective on Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating on the stock in a research note on Monday, July 14th. Barclays dropped their target price on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Piper Sandler dropped their target price on Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating on the stock in a research report on Thursday, July 3rd. Keefe, Bruyette & Woods dropped their target price on Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating on the stock in a research report on Monday, August 11th. Finally, Wall Street Zen lowered Brighthouse Financial from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $59.67.

Brighthouse Financial Price Performance

Shares of BHF opened at $45.59 on Tuesday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 4.93 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 one year low of $40.00 and a one year high of $64.12. The stock's fifty day moving average is $51.29 and its 200-day moving average is $54.92.

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 business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.21 billion. Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. Brighthouse Financial's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the business posted $5.57 earnings per share. Equities analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Brighthouse Financial 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.