Fox Run Management L.L.C. Acquires New Position in Brighthouse Financial, Inc. $BHF

Key Points

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Fox Run Management L.L.C. acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,242 shares of the company's stock, valued at approximately $362,000.

A number of other large investors have also added to or reduced their stakes in BHF. LPL Financial LLC raised its holdings in Brighthouse Financial by 0.4% during the 1st quarter. LPL Financial LLC now owns 39,718 shares of the company's stock worth $2,303,000 after purchasing an additional 173 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Brighthouse Financial by 5.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,598 shares of the company's stock worth $209,000 after purchasing an additional 181 shares during the last quarter. GAMMA Investing LLC raised its holdings in Brighthouse Financial by 11.0% during the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock worth $118,000 after purchasing an additional 202 shares during the last quarter. Mariner LLC raised its holdings in Brighthouse Financial by 4.2% during the 4th quarter. Mariner LLC now owns 6,055 shares of the company's stock worth $291,000 after purchasing an additional 242 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Brighthouse Financial by 2.3% during the 1st quarter. Federated Hermes Inc. now owns 14,139 shares of the company's stock worth $820,000 after purchasing an additional 318 shares during the last quarter. Institutional investors own 81.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BHF. Barclays lowered their price target on shares of Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Piper Sandler lowered their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Wall Street Zen lowered shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Morgan Stanley lowered their price objective 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 research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $59.67.

Insider Activity at Brighthouse Financial

In other news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $59.51, for a total transaction of $178,530.00. Following the sale, the executive vice president directly owned 18,441 shares in the company, valued at $1,097,423.91. The trade was a 13.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by insiders.

Brighthouse Financial Stock Up 1.4%

BHF traded up $0.67 during mid-day trading on Friday, reaching $47.09. 448,155 shares of the stock were exchanged, compared to its average volume of 747,843. 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 capitalization of $2.69 billion, a PE ratio of 5.10 and a beta of 0.88. The company has a 50 day moving average price of $50.42 and a two-hundred day moving average price of $54.62. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its 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). The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.57 earnings per share. As a group, research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

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.