GAMMA Investing LLC Increases Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

GAMMA Investing LLC boosted its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 97.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,729 shares of the company’s stock after buying an additional 855 shares during the period. GAMMA Investing LLC’s holdings in Brighthouse Financial were worth $78,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BHF. Retirement Systems of Alabama grew its stake in shares of Brighthouse Financial by 0.3% during the first quarter. Retirement Systems of Alabama now owns 80,625 shares of the company’s stock valued at $4,155,000 after buying an additional 211 shares during the last quarter. US Bancorp DE lifted its position in shares of Brighthouse Financial by 0.6% during the first quarter. US Bancorp DE now owns 35,695 shares of the company’s stock worth $1,840,000 after purchasing an additional 211 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of Brighthouse Financial by 2.6% during the first quarter. State of Michigan Retirement System now owns 15,768 shares of the company’s stock worth $813,000 after purchasing an additional 400 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Brighthouse Financial by 4.5% during the second quarter. Headlands Technologies LLC now owns 15,686 shares of the company’s stock valued at $680,000 after purchasing an additional 669 shares during the period. Finally, Texas Permanent School Fund Corp grew its holdings in shares of Brighthouse Financial by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 56,192 shares of the company’s stock worth $2,896,000 after purchasing an additional 727 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BHF has been the subject of several research reports. Barclays assumed coverage on shares of Brighthouse Financial in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 price objective for the company. Wells Fargo & Company lifted their target price on Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on Brighthouse Financial from $58.00 to $59.00 and gave the company an “underweight” rating in a report on Tuesday, July 2nd. Evercore ISI dropped 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, Keefe, Bruyette & Woods reduced their price target on shares of Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Brighthouse Financial has a consensus rating of “Hold” and a consensus target price of $50.63.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, CFO Edward A. Spehar sold 7,125 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $41.74, for a total transaction of $297,397.50. Following the sale, the chief financial officer now owns 37,640 shares in the company, valued at approximately $1,571,093.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP John Rosenthal sold 4,265 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $46.04, for a total transaction of $196,360.60. Following the completion of the transaction, the executive vice president now directly owns 86,262 shares in the company, valued at $3,971,502.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Edward A. Spehar sold 7,125 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $41.74, for a total transaction 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 approximately $1,571,093.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,390 shares of company stock worth $1,861,608. 1.40% of the stock is owned by corporate insiders.

Brighthouse Financial Stock Performance

Shares of BHF opened at $47.35 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.75. The firm has a market cap of $2.94 billion, a PE ratio of -2.49 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 stock has a fifty day moving average price of $43.99 and a 200-day moving average price of $45.46.

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

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.