Lindbrook Capital LLC Has $29,000 Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Lindbrook Capital LLC raised its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 412.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 543 shares of the company’s stock after buying an additional 437 shares during the period. Lindbrook Capital LLC’s holdings in Brighthouse Financial were worth $29,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHF. SG Americas Securities LLC increased its stake in Brighthouse Financial by 85.0% in the 3rd quarter. SG Americas Securities LLC now owns 4,536 shares of the company’s stock valued at $222,000 after buying an additional 2,084 shares during the last quarter. Xponance Inc. increased its stake in shares of Brighthouse Financial by 4.5% during the 3rd quarter. Xponance Inc. now owns 9,099 shares of the company’s stock worth $445,000 after purchasing an additional 394 shares during the last quarter. Raymond James & Associates increased its stake in shares of Brighthouse Financial by 17.7% during the 3rd quarter. Raymond James & Associates now owns 6,314 shares of the company’s stock worth $309,000 after purchasing an additional 949 shares during the last quarter. Independent Advisor Alliance increased its stake in shares of Brighthouse Financial by 31.3% during the 3rd quarter. Independent Advisor Alliance now owns 14,082 shares of the company’s stock worth $689,000 after purchasing an additional 3,358 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Brighthouse Financial by 22.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,587 shares of the company’s stock worth $714,000 after purchasing an additional 2,712 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Stock Performance

NASDAQ BHF opened at $48.73 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $3.05 billion, a P/E ratio of -2.63 and a beta of 1.16. Brighthouse Financial, Inc. has a 12-month low of $39.24 and a 12-month high of $56.24. The firm has a 50-day moving average price of $48.33 and a two-hundred day moving average price of $49.78.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Tuesday, February 13th. The company reported $2.92 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.91). The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $2.13 billion. Brighthouse Financial had a negative net margin of 27.01% and a positive return on equity of 20.71%. During the same quarter in the previous year, the firm posted $3.51 earnings per share. Analysts anticipate that Brighthouse Financial, Inc. will post 17.12 earnings per share for the current year.

Insider Activity

In other news, EVP Vonda Huss sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the completion of the transaction, the executive vice president now directly owns 27,080 shares in the company, valued at approximately $1,268,698. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Eric T. Steigerwalt sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the completion of the transaction, the chief executive officer now directly owns 390,765 shares in the company, valued at approximately $18,350,324.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Vonda Huss sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $46.85, for a total transaction of $468,500.00. Following the transaction, the executive vice president now owns 27,080 shares of the company’s stock, valued at $1,268,698. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BHF shares. Morgan Stanley lowered shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 23rd. Piper Sandler lifted their target price on shares of Brighthouse Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $50.00 target price on shares of Brighthouse Financial in a report on Friday, February 16th. Finally, Wells Fargo & Company lifted their target price on shares of Brighthouse Financial from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, Brighthouse Financial currently has a consensus rating of “Hold” and an average price target of $51.14.

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.