SG Americas Securities LLC Takes Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

SG Americas Securities LLC bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,503 shares of the company’s stock, valued at approximately $312,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC lifted its stake in Brighthouse Financial by 278.0% in the 2nd quarter. Millennium Management LLC now owns 280,270 shares of the company’s stock valued at $12,147,000 after purchasing an additional 206,116 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Brighthouse Financial by 102.1% during the third quarter. Assenagon Asset Management S.A. now owns 160,399 shares of the company’s stock worth $7,223,000 after buying an additional 81,040 shares in the last quarter. State Street Corp lifted its stake in shares of Brighthouse Financial by 2.2% in the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company’s stock valued at $104,240,000 after acquiring an additional 50,441 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Brighthouse Financial by 12.6% during the 3rd quarter. Two Sigma Advisers LP now owns 320,700 shares of the company’s stock valued at $14,441,000 after acquiring an additional 35,800 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Brighthouse Financial during the 3rd quarter worth $14,280,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Stock Performance

Shares of BHF opened at $59.96 on Wednesday. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The stock has a market cap of $3.56 billion, a P/E ratio of -2.95 and a beta of 1.10. The business’s 50 day moving average price is $50.60 and its 200-day moving average price is $47.87.

Brighthouse Financial (NASDAQ:BHF) last released 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). The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. During the same period last year, the business earned $4.18 earnings per share. Equities research analysts anticipate that Brighthouse Financial, Inc. will post 18.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Piper Sandler cut their price target on shares of Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. cut their target price on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods raised their price objective on Brighthouse Financial from $48.00 to $60.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Barclays raised Brighthouse Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $52.00 to $85.00 in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company decreased 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. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Brighthouse Financial has a consensus rating of “Hold” and a consensus target price of $57.75.

Insider Buying and Selling

In related news, EVP John Rosenthal sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, 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 accessible through the SEC website. Also, EVP Myles Lambert sold 8,400 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the sale, the executive vice president now owns 33,407 shares of the company’s stock, valued at $1,727,141.90. This represents 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 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.