SG Americas Securities LLC Has $7.03 Million Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

SG Americas Securities LLC lifted its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 1,764.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,229 shares of the company's stock after buying an additional 114,726 shares during the period. SG Americas Securities LLC owned about 0.21% of Brighthouse Financial worth $7,030,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BHF. Ieq Capital LLC acquired a new stake in shares of Brighthouse Financial during the 4th quarter worth approximately $1,748,000. Bank of New York Mellon Corp lifted its holdings in shares of Brighthouse Financial by 1.8% in the 4th quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company's stock worth $25,240,000 after purchasing an additional 9,500 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Brighthouse Financial by 0.8% in the 4th quarter. Amalgamated Bank now owns 28,345 shares of the company's stock worth $1,362,000 after buying an additional 227 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Brighthouse Financial during the 4th quarter worth approximately $826,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Brighthouse Financial by 2,632.8% in the 4th quarter. Victory Capital Management Inc. now owns 884,162 shares of the company's stock valued at $42,475,000 after acquiring an additional 851,808 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BHF has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Wells Fargo & Company reduced their target price on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Raymond James upgraded Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price objective for the company in a report on Tuesday, March 18th. UBS Group set a $72.00 target price on Brighthouse Financial in a research note on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of 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 analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $60.80.

Brighthouse Financial Stock Performance

BHF stock traded down $0.99 during midday trading on Friday, hitting $57.17. The company's stock had a trading volume of 196,498 shares, compared to its average volume of 583,998. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 11.08 and a beta of 0.92. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The stock's 50-day moving average price is $56.12 and its 200 day moving average price is $54.64.

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

Insider Buying and Selling

In other Brighthouse Financial news, EVP Vonda Huss sold 3,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 18,441 shares in the company, valued at $1,097,423.91. The trade was a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

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.