Vinva Investment Management Ltd Acquires Shares of 8,006 Brighthouse Financial, Inc. (NASDAQ:BHF)

Vinva Investment Management Ltd bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,006 shares of the company’s stock, valued at approximately $361,000.

Other institutional investors have also modified their holdings of the company. US Bancorp DE raised its stake in shares of Brighthouse Financial by 0.9% during the 3rd quarter. US Bancorp DE now owns 35,755 shares of the company’s stock worth $1,610,000 after buying an additional 319 shares in the last quarter. CWM LLC grew its holdings in Brighthouse Financial by 29.4% during the third quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after acquiring an additional 339 shares during the period. Creative Planning raised its position in Brighthouse Financial by 5.7% in the third quarter. Creative Planning now owns 7,843 shares of the company’s stock worth $353,000 after acquiring an additional 420 shares in the last quarter. KBC Group NV raised its position in Brighthouse Financial by 30.2% in the third quarter. KBC Group NV now owns 2,001 shares of the company’s stock worth $90,000 after acquiring an additional 464 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Brighthouse Financial by 989.5% in the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock valued at $28,000 after acquiring an additional 564 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Brighthouse Financial

In related news, EVP John Rosenthal sold 4,265 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the transaction, the executive vice president now directly owns 86,262 shares in the company, valued at approximately $3,971,502.48. This represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Performance

NASDAQ BHF opened at $52.27 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -2.57 and a beta of 1.05. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $56.24. The business has a fifty day moving average of $48.29 and a 200-day moving average of $45.77.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. During the same quarter last year, the company posted $4.18 earnings per share. As a group, analysts predict that Brighthouse Financial, Inc. will post 18.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BHF. Piper Sandler upped their price target on shares of Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods dropped their target price on shares of Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, August 14th. 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 note on Thursday, October 10th. Evercore ISI dropped their price objective on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research note on Thursday, August 8th. Finally, Barclays started coverage on Brighthouse Financial in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $50.63.

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.