US Bancorp DE Purchases 319 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

US Bancorp DE raised its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,755 shares of the company’s stock after buying an additional 319 shares during the period. US Bancorp DE’s holdings in Brighthouse Financial were worth $1,610,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its holdings in Brighthouse Financial by 102.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 160,399 shares of the company’s stock valued at $7,223,000 after acquiring an additional 81,040 shares during the period. Bogart Wealth LLC boosted its stake in shares of Brighthouse Financial by 2.8% during the third quarter. Bogart Wealth LLC now owns 214,222 shares of the company’s stock valued at $9,646,000 after purchasing an additional 5,899 shares during the period. International Assets Investment Management LLC bought a new position in shares of Brighthouse Financial in the third quarter worth about $14,280,000. Lecap Asset Management Ltd. bought a new position in shares of Brighthouse Financial in the third quarter worth about $216,000. Finally, nVerses Capital LLC increased its stake in Brighthouse Financial by 24.0% in the 3rd quarter. nVerses Capital LLC now owns 3,100 shares of the company’s stock worth $140,000 after buying an additional 600 shares during the period. Institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on BHF. Evercore ISI lowered their price objective on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research report on Thursday, August 8th. Keefe, Bruyette & Woods dropped their price objective on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 14th. Jefferies Financial Group lifted their target price on Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Wells Fargo & Company increased their price target on Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Finally, Barclays initiated coverage on Brighthouse Financial in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 price objective for the company. Three equities 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.63.

Insider Buying and Selling

In other Brighthouse Financial news, EVP John Rosenthal sold 5,000 shares of Brighthouse Financial stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $45.22, for a total value of $226,100.00. Following the transaction, the executive vice president now directly owns 91,262 shares of the company’s stock, valued at approximately $4,126,867.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Brighthouse Financial news, EVP John Rosenthal sold 5,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $45.22, for a total value of $226,100.00. Following the completion of the sale, the executive vice president now directly owns 91,262 shares in the company, valued at approximately $4,126,867.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $297,397.50. Following the sale, the chief financial officer now owns 37,640 shares in the company, valued at $1,571,093.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,390 shares of company stock worth $1,861,608 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Brighthouse Financial Trading Down 3.4 %

BHF opened at $51.09 on Friday. 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 $45.73 and a 200-day moving average price of $45.44. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of -3.21 and a beta of 1.05. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.75.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Wednesday, August 7th. The company reported $5.57 EPS for the quarter, topping analysts’ consensus estimates of $4.36 by $1.21. Brighthouse Financial had a negative net margin of 22.03% and a positive return on equity of 26.22%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the company posted $4.13 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Brighthouse Financial, Inc. will post 18.64 earnings per share for the current fiscal year.

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.