International Assets Investment Management LLC Buys New Shares in Brighthouse Financial, Inc. (NASDAQ:BHF)

International Assets Investment Management LLC bought a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,717 shares of the company’s stock, valued at approximately $14,280,000. International Assets Investment Management LLC owned approximately 0.05% of Brighthouse Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of BHF. US Bancorp DE increased its holdings in Brighthouse Financial by 0.6% in the 1st quarter. US Bancorp DE now owns 35,695 shares of the company’s stock valued at $1,840,000 after acquiring an additional 211 shares during the last quarter. Retirement Systems of Alabama increased its holdings in Brighthouse Financial by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 80,625 shares of the company’s stock valued at $4,155,000 after acquiring an additional 211 shares during the last quarter. CWM LLC increased its holdings in Brighthouse Financial by 29.4% in the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after acquiring an additional 339 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Brighthouse Financial by 2.6% in the 1st quarter. State of Michigan Retirement System now owns 15,768 shares of the company’s stock worth $813,000 after buying an additional 400 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Brighthouse Financial by 5.7% in the 3rd quarter. Creative Planning now owns 7,843 shares of the company’s stock worth $353,000 after buying an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $45.67, for a total value of $1,141,750.00. Following the completion of the sale, the chief executive officer now directly owns 321,072 shares of the company’s stock, valued at $14,663,358.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Edward A. Spehar sold 7,125 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $41.74, for a total value of $297,397.50. Following the completion of the sale, the chief financial officer now owns 37,640 shares of the company’s stock, valued at approximately $1,571,093.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $45.67, for a total transaction of $1,141,750.00. Following the completion of the sale, the chief executive officer now directly owns 321,072 shares of the company’s stock, valued at $14,663,358.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,390 shares of company stock valued at $1,861,608 in the last three months. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays assumed coverage on shares of Brighthouse Financial in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 target price on the stock. Jefferies Financial Group boosted their target price on shares of Brighthouse Financial from $59.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Wells Fargo & Company boosted their target price on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Evercore ISI reduced their target price on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating on the stock in a report on Thursday, August 8th. Finally, Piper Sandler upped their price target on shares of Brighthouse Financial from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.63.

Brighthouse Financial Stock Performance

Shares of NASDAQ:BHF opened at $48.69 on Thursday. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of -2.56 and a beta of 1.06. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $56.24. The firm’s 50-day moving average is $45.29 and its 200 day moving average is $45.36. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.75.

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