Creative Planning Has $353,000 Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Creative Planning increased its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,843 shares of the company’s stock after purchasing an additional 420 shares during the quarter. Creative Planning’s holdings in Brighthouse Financial were worth $353,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp lifted its holdings in shares of Brighthouse Financial by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 56,192 shares of the company’s stock valued at $2,896,000 after purchasing an additional 727 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Brighthouse Financial during the 1st quarter valued at about $2,278,000. Sei Investments Co. lifted its holdings in shares of Brighthouse Financial by 14.2% during the 1st quarter. Sei Investments Co. now owns 145,539 shares of the company’s stock valued at $7,501,000 after purchasing an additional 18,124 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of Brighthouse Financial by 66.6% during the 1st quarter. Headlands Technologies LLC now owns 15,017 shares of the company’s stock valued at $774,000 after purchasing an additional 6,005 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Brighthouse Financial by 0.9% during the 1st quarter. Russell Investments Group Ltd. now owns 226,045 shares of the company’s stock valued at $11,650,000 after purchasing an additional 1,942 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BHF has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price target on Brighthouse Financial from $59.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods lowered their price target on 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. Barclays initiated coverage on Brighthouse Financial in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price target on the stock. Wells Fargo & Company boosted their price target on Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Finally, Evercore ISI lowered their price target on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating on the stock in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.63.

Insiders Place Their Bets

In other Brighthouse Financial news, CFO Edward A. Spehar sold 7,125 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.74, for a total value of $297,397.50. Following the transaction, the chief financial officer now owns 37,640 shares in the company, valued at approximately $1,571,093.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Eric T. Steigerwalt sold 25,000 shares of Brighthouse Financial stock in a transaction on Monday, August 26th. The stock was sold at an average price of $45.67, for a total transaction of $1,141,750.00. Following the sale, the chief executive officer now directly owns 321,072 shares in the company, valued at approximately $14,663,358.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Edward A. Spehar sold 7,125 shares of Brighthouse Financial stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $41.74, for a total value of $297,397.50. Following the sale, the chief financial officer now owns 37,640 shares in the company, valued at $1,571,093.60. 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 worth $1,861,608. Corporate insiders own 1.40% of the company’s stock.

Brighthouse Financial Trading Down 1.1 %

NASDAQ BHF opened at $50.51 on Friday. The business has a 50 day simple moving average of $45.82 and a 200 day simple moving average of $45.45. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $56.24. The stock has a market capitalization of $3.07 billion, a P/E ratio of -3.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.85 and a quick ratio of 0.85.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Wednesday, August 7th. The company reported $5.57 EPS for the quarter, topping the consensus estimate of $4.36 by $1.21. Brighthouse Financial had a positive return on equity of 26.22% and a negative net margin of 22.03%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the firm posted $4.13 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Research analysts expect that Brighthouse Financial, Inc. will post 18.64 earnings per share for the current year.

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.