GAMMA Investing LLC increased its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 6,338.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,010 shares of the company's stock after purchasing an additional 116,177 shares during the quarter. GAMMA Investing LLC owned approximately 0.20% of Brighthouse Financial worth $6,843,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in 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 in the last quarter. Aster Capital Management DIFC Ltd boosted its position in 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 in the last quarter. Siemens Fonds Invest GmbH bought a new stake in Brighthouse Financial during the 4th quarter valued at $94,000. Dark Forest Capital Management LP bought a new stake in Brighthouse Financial during the 4th quarter valued at $217,000. Finally, Guggenheim Capital LLC bought a new stake in Brighthouse Financial during the 4th quarter valued at $227,000. Institutional investors own 81.24% of the company's stock.
Brighthouse Financial Price Performance
Shares of BHF stock traded down $1.11 during trading hours on Friday, reaching $57.04. The company had a trading volume of 437,259 shares, compared to its average volume of 585,829. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a fifty day moving average of $56.12 and a 200-day moving average of $54.64. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 11.05 and a beta of 0.92. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $64.12.
Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing analysts' consensus estimates of $4.72 by ($0.55). Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the company posted $4.25 earnings per share. The company's revenue was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.
Insider Activity at Brighthouse Financial
In related news, EVP Vonda Huss sold 3,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $59.51, for a total value of $178,530.00. Following the transaction, the executive vice president now directly owns 18,441 shares in the company, valued at approximately $1,097,423.91. This represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by insiders.
Analysts Set New Price Targets
BHF has been the subject of a number of recent analyst reports. UBS Group set a $72.00 price objective on Brighthouse Financial in a research report on Tuesday, March 18th. Barclays lifted their price objective on Brighthouse Financial from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Wells Fargo & Company cut their price target on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Morgan Stanley lifted their price target on Brighthouse Financial from $41.00 to $45.00 and gave the company an "underweight" rating in a research note on Monday, May 19th. Finally, Piper Sandler boosted their price target on Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Brighthouse Financial presently has a consensus rating of "Hold" and an average price target of $60.80.
View Our Latest Analysis on BHF
About Brighthouse Financial
(
Free Report)
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.
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