Bogart Wealth LLC Increases Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Bogart Wealth LLC increased its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 214,222 shares of the company’s stock after purchasing an additional 5,899 shares during the quarter. Bogart Wealth LLC owned approximately 0.34% of Brighthouse Financial worth $9,646,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock worth $28,000 after purchasing an additional 565 shares during the period. CWM LLC boosted its stake in Brighthouse Financial by 29.4% in the third 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 last quarter. GAMMA Investing LLC boosted its stake in Brighthouse Financial by 97.8% in the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock valued at $78,000 after acquiring an additional 855 shares during the last quarter. Quarry LP bought a new position in shares of Brighthouse Financial during the 2nd quarter valued at approximately $89,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Brighthouse Financial during the 1st quarter worth approximately $110,000. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock traded up $0.03 on Thursday, reaching $48.58. The stock had a trading volume of 89,759 shares, compared to its average volume of 426,872. The business’s 50 day moving average is $44.78 and its two-hundred day moving average is $45.39. 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, Inc. has a 1 year low of $40.00 and a 1 year high of $56.24. The company has a market cap of $3.02 billion, a P/E ratio of -2.55 and a beta of 1.06.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the company posted $4.13 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts anticipate that Brighthouse Financial, Inc. will post 18.52 EPS for the current year.

Insider Transactions at Brighthouse Financial

In related news, EVP John Rosenthal sold 4,265 shares of Brighthouse Financial stock in a transaction on Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Edward A. Spehar sold 7,125 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $41.74, for a total transaction of $297,397.50. Following the sale, the chief financial officer now owns 37,640 shares in the company, valued at approximately $1,571,093.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John Rosenthal sold 4,265 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the completion of the transaction, the executive vice president now owns 86,262 shares of the company’s stock, valued at $3,971,502.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,390 shares of company stock valued at $1,861,608. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on BHF. Wells Fargo & Company upped their price objective on Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Piper Sandler upped their price target on Brighthouse Financial from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on Brighthouse Financial from $58.00 to $59.00 and gave the stock an “underweight” rating in a report on Tuesday, July 2nd. Evercore ISI cut their target price 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. Finally, Keefe, Bruyette & Woods lowered their price target on shares of 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. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Brighthouse Financial currently has a consensus rating of “Hold” and an average price target of $50.63.

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 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.