Brighthouse Financial, Inc. (NASDAQ:BHF) Holdings Increased by Caxton Associates LP

Caxton Associates LP increased its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 73.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,993 shares of the company’s stock after acquiring an additional 47,587 shares during the period. Caxton Associates LP’s holdings in Brighthouse Financial were worth $4,854,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BHF. Norges Bank bought a new stake in shares of Brighthouse Financial in the 4th quarter worth approximately $33,362,000. Hsbc Holdings PLC boosted its stake in shares of Brighthouse Financial by 295.0% during the 4th quarter. Hsbc Holdings PLC now owns 147,825 shares of the company’s stock worth $7,869,000 after acquiring an additional 110,397 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in shares of Brighthouse Financial by 56,781.8% in the 4th quarter. TFO Wealth Partners LLC now owns 6,257 shares of the company’s stock worth $331,000 after acquiring an additional 6,246 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in shares of Brighthouse Financial by 5.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 31,390 shares of the company’s stock worth $1,661,000 after purchasing an additional 1,597 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in shares of Brighthouse Financial by 138.8% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 34,436 shares of the company’s stock valued at $1,822,000 after purchasing an additional 20,015 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

BHF has been the subject of several recent analyst reports. Barclays began 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 for the company. JPMorgan Chase & Co. lifted 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. Keefe, Bruyette & Woods decreased their target price on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, August 14th. Evercore ISI lowered their price target on 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, Wells Fargo & Company downgraded Brighthouse Financial from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $51.00 to $40.00 in a research note on Monday, August 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.25.

Brighthouse Financial Stock Down 1.3 %

BHF opened at $43.51 on Wednesday. The company has a market capitalization of $2.64 billion, a PE ratio of -2.29 and a beta of 1.06. 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, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $56.24. The business has a 50-day moving average of $44.85 and a 200-day moving average of $45.83.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share for the quarter, beating analysts’ consensus estimates of $4.36 by $1.21. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a negative net margin of 22.03% and a positive return on equity of 26.22%. Brighthouse Financial’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $4.13 EPS. Equities research analysts forecast that Brighthouse Financial, Inc. will post 18.16 EPS for the current fiscal year.

Insider Transactions at Brighthouse Financial

In related news, EVP John Rosenthal sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the executive vice president now directly owns 96,262 shares of the company’s stock, valued at approximately $4,428,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Edward A. Spehar sold 7,125 shares of the business’s stock in a transaction 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 directly owns 37,640 shares in the company, valued at $1,571,093.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John Rosenthal sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following 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. In the last quarter, insiders sold 42,125 shares of company stock worth $1,895,248. 1.40% of the stock is owned by corporate insiders.

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.