Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 1,764.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,229 shares of the company's stock after purchasing an additional 114,726 shares during the quarter. SG Americas Securities LLC owned approximately 0.21% of Brighthouse Financial worth $7,030,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Brighthouse Financial by 188.0% during 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 last quarter. Aster Capital Management DIFC Ltd boosted its position in shares of Brighthouse Financial by 327.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock valued at $44,000 after acquiring an additional 703 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Brighthouse Financial by 101.7% during the 1st quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock valued at $70,000 after acquiring an additional 605 shares during the last quarter. Siemens Fonds Invest GmbH bought a new stake in shares of Brighthouse Financial during the 4th quarter valued at about $94,000. Finally, GAMMA Investing LLC lifted its position in Brighthouse Financial by 11.0% in the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock worth $118,000 after buying an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Insider Activity at Brighthouse Financial

In related news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $59.51, for a total transaction of $178,530.00. Following the sale, the executive vice president now owns 18,441 shares of the company's stock, valued at approximately $1,097,423.91. This trade represents a 13.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

Brighthouse Financial Trading Down 1.9%

Shares of BHF traded down $1.11 during mid-day trading on Friday, hitting $57.04. 437,259 shares of the company's stock traded hands, compared to its average volume of 586,872. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The firm has a market capitalization of $3.27 billion, a P/E ratio of 11.05 and a beta of 0.92. The business's 50-day moving average price is $56.31 and its 200-day moving average price is $54.71.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.55). Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the firm posted $4.25 earnings per share. The company's revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BHF shares. Morgan Stanley boosted their target price on Brighthouse Financial from $41.00 to $45.00 and gave the stock an "underweight" rating in a research report on Monday, May 19th. Wells Fargo & Company dropped their target price on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. UBS Group set a $72.00 price target on Brighthouse Financial in a research note on Tuesday, March 18th. Raymond James raised Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target on the stock in a research note on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods lifted their price target on Brighthouse Financial from $56.00 to $59.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $60.80.

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.