Four Tree Island Advisory LLC Buys Shares of 12,048 Brighthouse Financial, Inc. (NASDAQ:BHF)

Four Tree Island Advisory LLC acquired a new position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,048 shares of the company's stock, valued at approximately $699,000. Brighthouse Financial makes up about 0.5% of Four Tree Island Advisory LLC's investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Canada Pension Plan Investment Board raised its stake in Brighthouse Financial by 187.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company's stock valued at $87,585,000 after buying an additional 1,188,685 shares during the period. Norges Bank bought a new position in shares of Brighthouse Financial in the 4th quarter valued at $37,131,000. AQR Capital Management LLC boosted its holdings in shares of Brighthouse Financial by 156.9% during the 4th quarter. AQR Capital Management LLC now owns 656,464 shares of the company's stock valued at $31,537,000 after acquiring an additional 400,924 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Brighthouse Financial by 12.1% during the 4th quarter. American Century Companies Inc. now owns 1,682,076 shares of the company's stock valued at $80,807,000 after acquiring an additional 181,980 shares in the last quarter. Finally, Bridgewater Associates LP lifted its holdings in Brighthouse Financial by 198.6% during the 4th quarter. Bridgewater Associates LP now owns 209,523 shares of the company's stock worth $10,065,000 after buying an additional 139,356 shares during the period. Institutional investors and hedge funds own 81.24% of the company's stock.

Insider Activity

In related news, EVP Vonda Huss sold 3,000 shares of the firm'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 value of $178,530.00. Following the transaction, 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 SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen lowered Brighthouse Financial from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Barclays decreased their price objective on Brighthouse Financial from $76.00 to $70.00 and set an "overweight" rating for the company in a report on Monday, July 7th. Keefe, Bruyette & Woods boosted their target price 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. Wells Fargo & Company upped their price objective on Brighthouse Financial from $53.00 to $54.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. upped their price objective on Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Brighthouse Financial presently has an average rating of "Hold" and a consensus price target of $60.30.

Brighthouse Financial Trading Up 1.4%

Shares of Brighthouse Financial stock traded up $0.70 on Friday, reaching $50.27. The company had a trading volume of 97,786 shares, compared to its average volume of 855,599. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $64.12. The firm's 50 day moving average price is $55.71 and its two-hundred day moving average price is $55.43. The firm has a market cap of $2.89 billion, a PE ratio of 6.03 and a beta of 0.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.91.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly 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). The business had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.29 billion. Brighthouse Financial had a net margin of 8.71% and a return on equity of 25.60%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.25 EPS. Sell-side analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share 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.