Quantinno Capital Management LP Has $2.10 Million Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Quantinno Capital Management LP lifted its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 53.3% in the third quarter, HoldingsChannel.com reports. The firm owned 46,707 shares of the company’s stock after acquiring an additional 16,243 shares during the period. Quantinno Capital Management LP’s holdings in Brighthouse Financial were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lighthouse Investment Partners LLC increased its holdings in Brighthouse Financial by 204.6% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 135,730 shares of the company’s stock valued at $5,883,000 after buying an additional 91,175 shares during the period. Edgestream Partners L.P. boosted its position in shares of Brighthouse Financial by 12.7% during the 2nd quarter. Edgestream Partners L.P. now owns 153,789 shares of the company’s stock valued at $6,665,000 after acquiring an additional 17,329 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Brighthouse Financial in the second quarter valued at about $3,439,000. GSA Capital Partners LLP acquired a new position in Brighthouse Financial in the third quarter worth about $1,311,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Brighthouse Financial during the third quarter worth about $1,404,000. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Stock Down 3.3 %

Shares of NASDAQ BHF opened at $48.45 on Wednesday. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $56.24. The firm’s 50-day simple moving average is $49.20 and its 200 day simple moving average is $46.07. 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 company has a market cap of $2.88 billion, a price-to-earnings ratio of -2.38 and a beta of 1.06.

Brighthouse Financial (NASDAQ:BHF) last announced 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 company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.21 billion. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. During the same quarter in the previous year, the company posted $4.18 earnings per share. On average, research analysts expect that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Myles Lambert sold 8,400 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the completion of the transaction, the executive vice president now directly owns 33,407 shares in the company, valued at $1,727,141.90. This trade represents a 20.09 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BHF shares. Barclays started coverage on Brighthouse Financial in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 price objective on the stock. Piper Sandler increased their price objective on Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company upped their target price on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods cut their price target 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. Three equities research 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. Based on data from MarketBeat.com, Brighthouse Financial has an average rating of “Hold” and a consensus target price 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.