Range Financial Group LLC Invests $826,000 in Brighthouse Financial, Inc. (NASDAQ:BHF)

Range Financial Group LLC purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 17,198 shares of the company’s stock, valued at approximately $826,000.

Several other institutional investors have also modified their holdings of BHF. UMB Bank n.a. boosted its stake in shares of Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock worth $28,000 after buying an additional 565 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Brighthouse Financial by 989.5% during the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock worth $28,000 after acquiring an additional 564 shares in the last quarter. CWM LLC grew its stake in Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after purchasing an additional 339 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Brighthouse Financial by 97.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock worth $78,000 after purchasing an additional 855 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Brighthouse Financial during the 2nd quarter worth approximately $89,000. Institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

BHF has been the subject of several analyst reports. Barclays raised their target price on shares of Brighthouse Financial from $48.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Piper Sandler lowered their price objective on shares of Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company lifted their price target on Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. dropped their price objective on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.38.

Brighthouse Financial Stock Performance

NASDAQ BHF traded up $0.20 on Tuesday, reaching $48.24. The stock had a trading volume of 308,797 shares, compared to its average volume of 293,322. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $2.86 billion, a P/E ratio of -2.37 and a beta of 1.08. The firm has a fifty day moving average of $49.72 and a two-hundred day moving average of $46.80. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $54.73.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing the consensus estimate of $4.50 by ($0.51). Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the company posted $4.18 earnings per share. On average, equities research analysts anticipate that Brighthouse Financial, Inc. will post 18.47 EPS for the current year.

Insider Transactions at Brighthouse Financial

In related news, EVP John Rosenthal sold 4,265 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $46.04, for a total transaction of $196,360.60. Following the sale, the executive vice president now owns 86,262 shares in the company, valued at approximately $3,971,502.48. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Myles Lambert sold 8,400 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the transaction, the executive vice president now owns 33,407 shares of the company’s stock, valued at approximately $1,727,141.90. This represents a 20.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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.