Fox Run Management L.L.C. Makes New $362,000 Investment in Brighthouse Financial, Inc. $BHF

Key Points

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Fox Run Management L.L.C. acquired a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,242 shares of the company's stock, valued at approximately $362,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Brighthouse Financial by 7.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 195,895 shares of the company's stock valued at $9,411,000 after acquiring an additional 14,316 shares during the last quarter. GAMMA Investing LLC raised its stake 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 valued at $118,000 after acquiring an additional 202 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Brighthouse Financial during the first quarter valued at about $780,000. Four Tree Island Advisory LLC bought a new position in shares of Brighthouse Financial during the first quarter valued at about $699,000. Finally, Ameriprise Financial Inc. raised its stake in Brighthouse Financial by 0.7% in the fourth quarter. Ameriprise Financial Inc. now owns 74,877 shares of the company's stock worth $3,597,000 after buying an additional 491 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Stock Up 1.4%

Shares of NASDAQ:BHF traded up $0.67 during trading on Friday, reaching $47.09. 448,155 shares of the stock traded hands, compared to its average volume of 683,593. The stock has a 50-day moving average of $50.42 and a two-hundred day moving average of $54.55. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-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. The stock has a market cap of $2.69 billion, a P/E ratio of 5.10 and a beta of 0.88.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $3.43 EPS for the quarter, missing analysts' consensus estimates of $4.70 by ($1.27). Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.21 billion. During the same quarter in the previous year, the company earned $5.57 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Insider Transactions at Brighthouse Financial

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 sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Wells Fargo & Company increased their price target on shares of Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Piper Sandler decreased their price target on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, July 3rd. Keefe, Bruyette & Woods decreased their price target on shares of Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating for the company in a research note on Monday, August 11th. Finally, Morgan Stanley decreased their price target on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating for the company in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $59.67.

About Brighthouse Financial

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.