Signaturefd LLC Has $121,000 Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Signaturefd LLC lowered its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,686 shares of the company’s stock after selling 226 shares during the quarter. Signaturefd LLC’s holdings in Brighthouse Financial were worth $121,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BHF. UMB Bank n.a. lifted its stake in Brighthouse Financial by 974.1% in the third quarter. UMB Bank n.a. now owns 623 shares of the company’s stock valued at $28,000 after buying an additional 565 shares in the last quarter. CWM LLC lifted its position in shares of Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after purchasing an additional 339 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Brighthouse Financial by 97.8% in the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock worth $78,000 after purchasing an additional 855 shares in the last quarter. Quarry LP bought a new stake in shares of Brighthouse Financial in the second quarter worth $89,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Brighthouse Financial in the first quarter worth $110,000. Institutional investors own 81.24% of the company’s stock.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, EVP John Rosenthal sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $45.22, for a total value of $226,100.00. Following the transaction, the executive vice president now directly owns 91,262 shares in the company, valued at $4,126,867.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Edward A. Spehar sold 7,125 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.74, for a total value of $297,397.50. Following the transaction, the chief financial officer now directly owns 37,640 shares in the company, valued at approximately $1,571,093.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Rosenthal sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $45.22, for a total transaction of $226,100.00. Following the completion of the transaction, the executive vice president now owns 91,262 shares in the company, valued at $4,126,867.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,390 shares of company stock worth $1,861,608 over the last ninety days. Insiders own 1.40% of the company’s stock.

Brighthouse Financial Price Performance

NASDAQ:BHF opened at $48.78 on Tuesday. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $56.24. The company has a market cap of $3.03 billion, a P/E ratio of -2.56 and a beta of 1.06. The firm’s fifty day moving average price is $45.10 and its two-hundred day moving average price is $45.34. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.85 and a quick ratio of 0.85.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Wednesday, August 7th. The company reported $5.57 EPS for the quarter, beating the consensus estimate of $4.36 by $1.21. Brighthouse Financial had a negative net margin of 22.03% and a positive return on equity of 26.22%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the company earned $4.13 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts expect that Brighthouse Financial, Inc. will post 18.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BHF shares. Jefferies Financial Group boosted their price objective on shares of Brighthouse Financial from $59.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Brighthouse Financial from $58.00 to $59.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 2nd. Wells Fargo & Company boosted their price objective on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods dropped their price target on shares of Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 14th. Finally, Barclays began coverage on shares of Brighthouse Financial in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.63.

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.