Headlands Technologies LLC Has $2.84 Million Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Key Points

• Headlands Technologies LLC significantly increased its stake in Brighthouse Financial by 165.7% in the first quarter, owning nearly 0.08% of the company valued at approximately $2.8 million.
• Several analysts have raised their price targets for Brighthouse Financial, with an average target of $60.30, while the stock currently trades around $47.48.
• Brighthouse Financial reported earnings of $4.17 per share, missing analyst estimates, with revenues of $2.16 billion for the quarter, which was below expectations of $2.29 billion.

Headlands Technologies LLC raised its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 165.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,955 shares of the company's stock after purchasing an additional 30,531 shares during the period. Headlands Technologies LLC owned 0.08% of Brighthouse Financial worth $2,839,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Deutsche Bank AG lifted its holdings in shares of Brighthouse Financial by 10.7% in the 1st quarter. Deutsche Bank AG now owns 75,263 shares of the company's stock worth $4,365,000 after acquiring an additional 7,273 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Brighthouse Financial by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 386,664 shares of the company's stock worth $22,423,000 after buying an additional 23,990 shares during the last quarter. Raiffeisen Bank International AG raised its stake in Brighthouse Financial by 18.9% during the 1st quarter. Raiffeisen Bank International AG now owns 12,088 shares of the company's stock worth $696,000 after acquiring an additional 1,925 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Brighthouse Financial by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,598 shares of the company's stock valued at $209,000 after buying an additional 181 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Brighthouse Financial during the first quarter valued at $1,057,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on BHF. Keefe, Bruyette & Woods cut 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. Wall Street Zen lowered shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. JPMorgan Chase & Co. increased their price target on shares of Brighthouse Financial from $56.00 to $63.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Barclays cut their price target on shares of Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Morgan Stanley dropped their price objective on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating on the stock in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Brighthouse Financial presently has an average rating of "Hold" and an average target price of $59.67.

Insiders Place Their Bets

In other news, EVP Vonda Huss sold 3,000 shares of the 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 sale, the executive vice president 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company's stock.

Brighthouse Financial Price Performance

BHF stock traded up $0.53 on Monday, reaching $45.05. 158,284 shares of the company's stock were exchanged, compared to its average volume of 858,085. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.59 billion, a PE ratio of 4.88 and a beta of 0.88. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. The stock has a fifty day moving average of $52.81 and a 200-day moving average of $55.40.

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

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.