Quantbot Technologies LP Makes New Investment in Brighthouse Financial, Inc. (NASDAQ:BHF)

Quantbot Technologies LP acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 44,199 shares of the company’s stock, valued at approximately $2,278,000. Quantbot Technologies LP owned 0.07% of Brighthouse Financial at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Brighthouse Financial by 21.8% during the third quarter. American Century Companies Inc. now owns 667,411 shares of the company’s stock worth $32,663,000 after acquiring an additional 119,345 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Brighthouse Financial by 86.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,776 shares of the company’s stock worth $1,163,000 after buying an additional 11,036 shares during the period. Diversified Trust Co bought a new position in shares of Brighthouse Financial in the 4th quarter worth about $518,000. Range Financial Group LLC purchased a new position in Brighthouse Financial during the 4th quarter valued at about $498,000. Finally, Handelsinvest Investeringsforvaltning bought a new stake in Brighthouse Financial during the fourth quarter worth about $334,000. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock traded up $0.41 during trading hours on Friday, reaching $48.02. 414,250 shares of the stock traded hands, compared to its average volume of 450,950. Brighthouse Financial, Inc. has a one year low of $40.24 and a one year high of $56.24. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of -2.52 and a beta of 1.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $44.18 and a 200 day moving average price of $47.82.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Tuesday, May 7th. The company reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.29. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Brighthouse Financial had a negative net margin of 38.05% and a positive return on equity of 23.49%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.86 earnings per share. On average, equities research analysts expect that Brighthouse Financial, Inc. will post 16.16 earnings per share for the current fiscal year.

Insider Activity at Brighthouse Financial

In other Brighthouse Financial news, EVP John Rosenthal sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the completion of the sale, the executive vice president now owns 96,262 shares in the company, valued at $4,428,052. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP John Rosenthal sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the executive vice president now directly owns 96,262 shares in the company, valued at $4,428,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Edward A. Spehar sold 7,125 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $41.91, for a total value of $298,608.75. Following the sale, the chief financial officer now owns 44,765 shares of the company’s stock, valued at approximately $1,876,101.15. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on BHF. Keefe, Bruyette & Woods raised Brighthouse Financial from an “underperform” rating to a “market perform” rating and dropped their price target for the stock from $48.00 to $47.00 in a research report on Monday, June 17th. JPMorgan Chase & Co. increased their price objective on shares of Brighthouse Financial from $58.00 to $59.00 and gave the company an “underweight” rating in a research report on Tuesday, July 2nd. Evercore ISI lowered their price objective on Brighthouse Financial from $59.00 to $56.00 and set an “in-line” rating on the stock in a research report on Wednesday, June 26th. Piper Sandler decreased their price target on Brighthouse Financial from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Finally, Wells Fargo & Company reduced their price objective on Brighthouse Financial from $51.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Brighthouse Financial presently has a consensus rating of “Hold” and an average price target of $51.00.

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.