KBC Group NV raised its holdings in Brighthouse Financial Inc (NASDAQ:BHF) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,337 shares of the company’s stock after acquiring an additional 1,166 shares during the period. KBC Group NV’s holdings in Brighthouse Financial were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Brighthouse Financial by 8,316.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 619,172 shares of the company’s stock valued at $22,471,000 after acquiring an additional 611,815 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Brighthouse Financial by 1,836.3% in the 2nd quarter. First Trust Advisors LP now owns 428,281 shares of the company’s stock worth $15,714,000 after buying an additional 406,163 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of Brighthouse Financial in the 1st quarter worth approximately $8,335,000. Acadian Asset Management LLC purchased a new position in Brighthouse Financial in the first quarter valued at approximately $7,785,000. Finally, Geode Capital Management LLC lifted its stake in Brighthouse Financial by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 1,755,585 shares of the company’s stock valued at $53,431,000 after purchasing an additional 159,787 shares during the last quarter. 87.25% of the stock is owned by institutional investors.
Shares of BHF stock traded up $0.73 during trading hours on Friday, reaching $40.22. 9,352 shares of the stock were exchanged, compared to its average volume of 958,555. The company’s 50-day moving average price is $35.97 and its 200-day moving average price is $37.81. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 5.41, a price-to-earnings-growth ratio of 0.40 and a beta of 2.06. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.27. Brighthouse Financial Inc has a 12-month low of $28.52 and a 12-month high of $47.33.
Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Monday, August 5th. The company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.33. Brighthouse Financial had a net margin of 9.61% and a return on equity of 6.74%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. On average, sell-side analysts expect that Brighthouse Financial Inc will post 8.67 EPS for the current year.
BHF has been the subject of several analyst reports. Credit Suisse Group lowered shares of Brighthouse Financial from a “neutral” rating to an “underperform” rating and cut their price target for the company from $35.00 to $22.00 in a research report on Tuesday, June 25th. BidaskClub upgraded shares of Brighthouse Financial from a “hold” rating to a “buy” rating in a report on Tuesday, July 16th. Bank of America decreased their price target on shares of Brighthouse Financial from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Goldman Sachs Group downgraded shares of Brighthouse Financial from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $39.00 to $32.00 in a research note on Tuesday, June 25th. Finally, Zacks Investment Research downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Brighthouse Financial currently has a consensus rating of “Hold” and an average target price of $37.89.
In other Brighthouse Financial news, insider Eric T. Steigerwalt acquired 12,500 shares of Brighthouse Financial stock in a transaction on Monday, August 12th. The shares were bought at an average price of $34.04 per share, with a total value of $425,500.00. Following the completion of the purchase, the insider now owns 111,239 shares in the company, valued at $3,786,575.56. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Margaret M. Mccarthy acquired 2,941 shares of Brighthouse Financial stock in a transaction on Wednesday, June 26th. The stock was acquired at an average cost of $34.08 per share, for a total transaction of $100,229.28. Following the purchase, the director now owns 4,423 shares of the company’s stock, valued at approximately $150,735.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 31,441 shares of company stock worth $1,091,409. Company insiders own 0.23% of the company’s stock.
Brighthouse Financial 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 offers 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.
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