Brighthouse Financial, Inc. $BHF Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Brighthouse Financial by 6.6%, owning 386,664 shares worth approximately $22.4 million.
• Brighthouse Financial reported $3.43 earnings per share for the last quarter, missing analysts' expectations of $4.70, with revenue down 2.8% year-over-year.
• A significant majority (81.24%) of Brighthouse Financial’s stock is owned by institutional investors and hedge funds, signaling strong market interest.

Charles Schwab Investment Management Inc. boosted its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,664 shares of the company's stock after buying an additional 23,990 shares during the period. Charles Schwab Investment Management Inc. owned 0.67% of Brighthouse Financial worth $22,423,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in Brighthouse Financial by 188.0% during the first quarter. Versant Capital Management Inc now owns 622 shares of the company's stock worth $36,000 after buying an additional 406 shares during the period. UMB Bank n.a. increased its position in shares of Brighthouse Financial by 101.7% during the first quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock worth $70,000 after purchasing an additional 605 shares in the last quarter. Siemens Fonds Invest GmbH acquired a new position in shares of Brighthouse Financial during the fourth quarter worth $94,000. GAMMA Investing LLC increased its position in shares of 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 in the last quarter. Finally, Signaturefd LLC increased its position in shares of Brighthouse Financial by 15.0% during the first quarter. Signaturefd LLC now owns 3,138 shares of the company's stock worth $182,000 after purchasing an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $59.51, for a total value 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 approximately $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 accessible through this link. Insiders own 1.40% of the company's stock.

Brighthouse Financial Stock Performance

NASDAQ BHF traded down $0.30 on Monday, reaching $46.79. 619,618 shares of the company's stock traded hands, compared to its average volume of 842,989. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 5.06 and a beta of 0.88. The stock has a 50 day moving average price of $50.42 and a 200-day moving average price of $54.55. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.12. 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 (NASDAQ:BHF - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $3.43 earnings per share (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%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.57 earnings per share. Equities research analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BHF. Wells Fargo & Company upped their price target on Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Barclays reduced their price target 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. Keefe, Bruyette & Woods dropped their price objective 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, August 11th. Wall Street Zen lowered shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Brighthouse Financial currently has a consensus rating of "Hold" and an average target price of $59.67.

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.