Two Sigma Securities LLC Invests $282,000 in Brighthouse Financial, Inc. (NASDAQ:BHF)

Two Sigma Securities LLC bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,866 shares of the company's stock, valued at approximately $282,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Range Financial Group LLC purchased a new position in Brighthouse Financial during the 4th quarter worth $826,000. SG Americas Securities LLC purchased a new position in Brighthouse Financial during the fourth quarter worth about $312,000. KBC Group NV raised its holdings in Brighthouse Financial by 33.1% during the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after purchasing an additional 663 shares in the last quarter. Institute for Wealth Management LLC. acquired a new stake in Brighthouse Financial in the fourth quarter valued at about $287,000. Finally, Lecap Asset Management Ltd. boosted its holdings in Brighthouse Financial by 9.1% in the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock valued at $251,000 after purchasing an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on BHF. Barclays raised Brighthouse Financial from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $52.00 to $85.00 in a report on Wednesday, January 29th. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research report on Tuesday, March 18th. Piper Sandler increased their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Finally, Jefferies Financial Group cut shares of Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 target price for the company. in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $62.00.

Brighthouse Financial Price Performance

Shares of BHF traded up $0.59 during mid-day trading on Friday, reaching $58.89. 751,837 shares of the company's stock were exchanged, compared to its average volume of 559,199. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $64.12. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The company has a 50-day simple moving average of $54.59 and a two-hundred day simple moving average of $52.87. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 11.41 and a beta of 0.96.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, topping the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. On average, sell-side analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal 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.