KBC Group NV Has $128,000 Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

KBC Group NV boosted its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 33.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,664 shares of the company’s stock after acquiring an additional 663 shares during the period. KBC Group NV’s holdings in Brighthouse Financial were worth $128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BHF. US Bancorp DE increased its position in shares of Brighthouse Financial by 0.9% during the third quarter. US Bancorp DE now owns 35,755 shares of the company’s stock valued at $1,610,000 after acquiring an additional 319 shares during the last quarter. CWM LLC lifted its holdings in Brighthouse Financial by 29.4% during the third quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after purchasing an additional 339 shares during the last quarter. Creative Planning boosted its position in Brighthouse Financial by 5.7% during the third quarter. Creative Planning now owns 7,843 shares of the company’s stock worth $353,000 after purchasing an additional 420 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Brighthouse Financial by 989.5% in the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock worth $28,000 after purchasing an additional 564 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of 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 purchasing an additional 565 shares during the period. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock opened at $59.96 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.00. The business’s 50 day simple moving average is $51.03 and its two-hundred day simple moving average is $48.11. The stock has a market capitalization of $3.56 billion, a P/E ratio of -2.95 and a beta of 1.10.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the company posted $4.18 earnings per share. Analysts forecast that Brighthouse Financial, Inc. will post 18.2 EPS for the current year.

Insider Activity at Brighthouse Financial

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

Analysts Set New Price Targets

BHF has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on Brighthouse Financial from $48.00 to $60.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company dropped their target price on shares of Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Piper Sandler cut their price target on shares of Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Jefferies Financial Group cut shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a research report on Monday, February 3rd. Finally, Barclays upgraded shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Brighthouse Financial has an average rating of “Hold” and an average target price of $57.75.

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.