KBC Group NV Has $90,000 Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

KBC Group NV increased its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 30.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,001 shares of the company’s stock after acquiring an additional 464 shares during the period. KBC Group NV’s holdings in Brighthouse Financial were worth $90,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Brighthouse Financial by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,823 shares of the company’s stock worth $1,744,000 after acquiring an additional 1,804 shares during the last quarter. Caxton Associates LP lifted its position in shares of Brighthouse Financial by 39.7% during the 1st quarter. Caxton Associates LP now owns 64,406 shares of the company’s stock worth $3,319,000 after purchasing an additional 18,314 shares during the last quarter. Innealta Capital LLC bought a new stake in Brighthouse Financial during the 1st quarter valued at approximately $294,000. EMC Capital Management grew its holdings in Brighthouse Financial by 216.0% in the 1st quarter. EMC Capital Management now owns 3,776 shares of the company’s stock valued at $195,000 after buying an additional 2,581 shares during the last quarter. Finally, Algebris UK Ltd bought a new position in Brighthouse Financial in the 1st quarter worth approximately $6,938,000. 81.24% of the stock is owned by institutional investors.

Insider Transactions at Brighthouse Financial

In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $45.67, for a total value of $1,141,750.00. Following the transaction, the chief executive officer now owns 321,072 shares of the company’s stock, valued at approximately $14,663,358.24. The trade was a 7.22 % 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 this hyperlink. Also, EVP John Rosenthal sold 4,265 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $46.04, for a total value of $196,360.60. Following the completion of the sale, the executive vice president now owns 86,262 shares of the company’s stock, valued at approximately $3,971,502.48. This trade represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,265 shares of company stock valued at $1,564,211. 1.40% of the stock is owned by insiders.

Brighthouse Financial Stock Up 2.6 %

NASDAQ BHF opened at $51.74 on Friday. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $56.24. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of -2.55 and a beta of 1.05. The stock’s 50 day moving average is $47.40 and its two-hundred day moving average is $45.58. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.56.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $4.18 earnings per share. Equities analysts forecast that Brighthouse Financial, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barclays started coverage on 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. Jefferies Financial Group boosted their price objective on shares of Brighthouse Financial from $59.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Piper Sandler upped their price objective on shares of Brighthouse Financial from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods decreased their target price on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company upped their price target on Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $50.63.

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.