Two Sigma Advisers LP Purchases 35,800 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Two Sigma Advisers LP grew its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 12.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,700 shares of the company’s stock after purchasing an additional 35,800 shares during the quarter. Two Sigma Advisers LP’s holdings in Brighthouse Financial were worth $14,441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BHF. UMB Bank n.a. grew its position in Brighthouse Financial by 974.1% during the third quarter. UMB Bank n.a. now owns 623 shares of the company’s stock valued at $28,000 after buying an additional 565 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Brighthouse Financial by 989.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock worth $28,000 after acquiring an additional 564 shares during the last quarter. CWM LLC grew its position in shares of Brighthouse Financial by 29.4% during the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after acquiring an additional 339 shares during the period. GAMMA Investing LLC increased its stake in shares of Brighthouse Financial by 97.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock worth $78,000 after purchasing an additional 855 shares in the last quarter. Finally, Quarry LP bought a new position in Brighthouse Financial in the 2nd quarter worth $89,000. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Down 0.4 %

NASDAQ BHF opened at $51.04 on Monday. 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, Inc. has a 12 month low of $40.00 and a 12 month high of $56.24. The stock’s 50 day moving average is $49.01 and its 200 day moving average is $45.98. The stock has a market cap of $3.03 billion, a PE ratio of -2.51 and a beta of 1.06.

Brighthouse Financial (NASDAQ:BHF) last issued its 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 for the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. During the same quarter in the prior year, the company posted $4.18 EPS. Research analysts predict that Brighthouse Financial, Inc. will post 18.47 EPS for the current fiscal year.

Insider Buying and Selling at Brighthouse Financial

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 value of $196,360.60. Following the sale, the executive vice president now owns 86,262 shares in the company, valued at approximately $3,971,502.48. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Myles Lambert sold 8,400 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the transaction, the executive vice president now owns 33,407 shares of the company’s stock, valued at $1,727,141.90. This trade represents a 20.09 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BHF shares. Wells Fargo & Company boosted 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. Barclays assumed coverage on Brighthouse Financial in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price objective for the company. Piper Sandler raised their target price on shares of Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods dropped 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 research report on Wednesday, August 14th. 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. Based on data from MarketBeat, Brighthouse Financial currently has an average rating of “Hold” and a consensus 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.