SG Americas Securities LLC Buys Shares of 6,503 Brighthouse Financial, Inc. (NASDAQ:BHF)

SG Americas Securities LLC purchased a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,503 shares of the company’s stock, valued at approximately $312,000.

Several other institutional investors also recently bought and sold shares of the company. Range Financial Group LLC purchased a new position in shares of Brighthouse Financial in the 4th quarter valued at approximately $826,000. Geode Capital Management LLC lifted its stake in shares of Brighthouse Financial by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company’s stock worth $49,160,000 after buying an additional 8,004 shares during the period. XTX Topco Ltd grew its holdings in shares of Brighthouse Financial by 20.3% during the third quarter. XTX Topco Ltd now owns 27,974 shares of the company’s stock valued at $1,260,000 after buying an additional 4,726 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Brighthouse Financial in the 3rd quarter valued at $782,000. Finally, Two Sigma Advisers LP raised its stake in Brighthouse Financial by 12.6% in the 3rd quarter. Two Sigma Advisers LP now owns 320,700 shares of the company’s stock worth $14,441,000 after acquiring an additional 35,800 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BHF has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Barclays raised Brighthouse Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $85.00 in a report on Wednesday, January 29th. Piper Sandler lowered their price objective on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Brighthouse Financial from $48.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.75.

Brighthouse Financial Trading Down 0.0 %

NASDAQ BHF opened at $59.96 on Wednesday. The firm has a market capitalization of $3.56 billion, a PE ratio of -2.95 and a beta of 1.10. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.00. The company has a 50-day simple moving average of $50.60 and a 200-day simple moving average of $47.87. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the business posted $4.18 earnings per share. On average, equities analysts forecast that Brighthouse Financial, Inc. will post 18.2 earnings per share for the current year.

Insider Activity

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the sale, the executive vice president now owns 66,262 shares of the company’s stock, valued at $4,041,982. This trade represents a 13.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Myles Lambert sold 8,400 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the transaction, the executive vice president now directly owns 33,407 shares of the company’s stock, valued at $1,727,141.90. This represents a 20.09 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

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.