Bryce Point Capital LLC Makes New $1.46 Million Investment in Brighthouse Financial, Inc. (NASDAQ:BHF)

Bryce Point Capital LLC bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,454 shares of the company’s stock, valued at approximately $1,463,000. Bryce Point Capital LLC owned 0.05% of Brighthouse Financial at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Xponance Inc. raised its position in Brighthouse Financial by 2.7% during the fourth quarter. Xponance Inc. now owns 6,860 shares of the company’s stock worth $330,000 after acquiring an additional 181 shares during the period. Amalgamated Bank increased its stake in shares of Brighthouse Financial by 0.8% during the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company’s stock worth $1,362,000 after purchasing an additional 227 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Brighthouse Financial by 0.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company’s stock valued at $3,501,000 after buying an additional 388 shares in the last quarter. Lecap Asset Management Ltd. lifted its stake in Brighthouse Financial by 9.1% in the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company’s stock valued at $251,000 after buying an additional 436 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Brighthouse Financial by 33.1% in the 4th quarter. KBC Group NV now owns 2,664 shares of the company’s stock worth $128,000 after buying an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Insider Transactions at Brighthouse Financial

In other news, EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, the executive vice president now directly owns 66,262 shares in the company, valued at approximately $4,041,982. This represents a 13.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Performance

Brighthouse Financial stock opened at $58.17 on Wednesday. The firm has a 50 day simple moving average of $57.79 and a 200-day simple moving average of $51.61. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 11.27 and a beta of 1.11. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, topping the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. On average, analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Wall Street Analyst Weigh In

BHF has been the topic of several research reports. Piper Sandler raised their target price on Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Morgan Stanley set a $52.00 price objective on Brighthouse Financial in a report on Friday, February 28th. Raymond James raised shares of Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 target price for the company in a report on Tuesday, March 18th. Jefferies Financial Group downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Monday, February 3rd. Finally, Wells Fargo & Company upgraded shares of Brighthouse Financial from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $41.00 to $59.00 in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.80.

Brighthouse Financial Company 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.