Headlands Technologies LLC Boosts Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Headlands Technologies LLC raised its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 66.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,017 shares of the company’s stock after purchasing an additional 6,005 shares during the quarter. Headlands Technologies LLC’s holdings in Brighthouse Financial were worth $774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Lindbrook Capital LLC increased its stake in shares of Brighthouse Financial by 412.3% in the fourth quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock worth $29,000 after buying an additional 437 shares during the period. Blue Trust Inc. increased its stake in shares of Brighthouse Financial by 123.2% in the fourth quarter. Blue Trust Inc. now owns 732 shares of the company’s stock worth $36,000 after buying an additional 404 shares during the period. Quadrant Capital Group LLC raised its holdings in Brighthouse Financial by 36.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock worth $60,000 after purchasing an additional 303 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Brighthouse Financial in the 4th quarter worth about $60,000. Finally, Quent Capital LLC lifted its position in shares of Brighthouse Financial by 23.0% in the 4th quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock worth $108,000 after purchasing an additional 382 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BHF shares. JPMorgan Chase & Co. raised their target price 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. Keefe, Bruyette & Woods raised shares of Brighthouse Financial from an “underperform” rating to a “market perform” rating and lowered their price target for the company from $48.00 to $47.00 in a research report on Monday, June 17th. Evercore ISI lowered their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “in-line” rating for the company in a research report on Wednesday, June 26th. Piper Sandler lowered their price target on shares of Brighthouse Financial from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. Finally, Jefferies Financial Group raised shares of Brighthouse Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $49.00 to $54.00 in a research report on Wednesday, July 10th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.00.

Brighthouse Financial Trading Up 1.7 %

NASDAQ:BHF traded up $0.81 during trading hours on Tuesday, hitting $49.58. 238,147 shares of the stock traded hands, compared to its average volume of 449,052. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.83. Brighthouse Financial, Inc. has a 1 year low of $40.24 and a 1 year high of $56.24. The stock has a 50 day moving average price of $44.14 and a 200 day moving average price of $47.70.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $4.25 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.29. Brighthouse Financial had a negative net margin of 38.05% and a positive return on equity of 23.49%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the firm earned $2.86 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts predict that Brighthouse Financial, Inc. will post 15.01 EPS for the current year.

Insider Activity at Brighthouse Financial

In related news, Director Michael J. Inserra purchased 2,500 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $43.20 per share, for a total transaction of $108,000.00. Following the completion of the acquisition, the director now owns 5,500 shares in the company, valued at approximately $237,600. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Brighthouse Financial news, Director Michael J. Inserra acquired 2,500 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was bought at an average cost of $43.20 per share, with a total value of $108,000.00. Following the completion of the purchase, the director now directly owns 5,500 shares in the company, valued at $237,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Rosenthal sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the executive vice president now directly owns 96,262 shares of the company’s stock, valued at $4,428,052. The disclosure for this sale can be found here. 1.40% of the stock is owned by 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.