Signaturefd LLC Buys 450 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Signaturefd LLC raised its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 13.7% in the 4th quarter, Holdings Channel reports. The firm owned 3,736 shares of the company’s stock after buying an additional 450 shares during the quarter. Signaturefd LLC’s holdings in Brighthouse Financial were worth $198,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Kestra Advisory Services LLC raised its position in shares of Brighthouse Financial by 2.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 12,349 shares of the company’s stock valued at $604,000 after buying an additional 285 shares in the last quarter. Capula Management Ltd increased its holdings in Brighthouse Financial by 3.1% during the 3rd quarter. Capula Management Ltd now owns 10,000 shares of the company’s stock valued at $489,000 after purchasing an additional 300 shares during the period. Quent Capital LLC increased its stake in shares of Brighthouse Financial by 23.0% during the fourth quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock valued at $108,000 after buying an additional 382 shares during the period. Xponance Inc. boosted 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 valued at $445,000 after purchasing an additional 394 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Brighthouse Financial by 4.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 8,724 shares of the company’s stock worth $427,000 after buying an additional 403 shares in the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Trading Down 0.6 %

Shares of NASDAQ:BHF opened at $48.73 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.80. Brighthouse Financial, Inc. has a 1 year low of $39.24 and a 1 year high of $56.24. The company has a market cap of $3.05 billion, a P/E ratio of -2.63 and a beta of 1.16. The stock’s fifty day moving average price is $48.35 and its 200-day moving average price is $49.80.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Tuesday, February 13th. The company reported $2.92 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.91). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations 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 prior year, the firm posted $3.51 earnings per share. Sell-side analysts expect that Brighthouse Financial, Inc. will post 17.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods restated an “underperform” rating and set a $50.00 target price on shares of Brighthouse Financial in a report on Friday, February 16th. Wells Fargo & Company lifted their price target on Brighthouse Financial from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Piper Sandler increased their price objective on shares of Brighthouse Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, Morgan Stanley cut shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 target price for the company. in a report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Brighthouse Financial has an average rating of “Hold” and a consensus price target of $51.14.

Insider Activity

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

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.