Ieq Capital LLC Takes Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Ieq Capital LLC purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,389 shares of the company’s stock, valued at approximately $1,748,000. Ieq Capital LLC owned about 0.06% of Brighthouse Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. CWM LLC boosted 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 acquiring an additional 339 shares during the last quarter. Creative Planning grew its stake in Brighthouse Financial by 5.7% during the third quarter. Creative Planning now owns 7,843 shares of the company’s stock valued at $353,000 after acquiring an additional 420 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Brighthouse Financial during the 3rd quarter worth approximately $14,280,000. Assenagon Asset Management S.A. lifted its stake in Brighthouse Financial by 102.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 160,399 shares of the company’s stock worth $7,223,000 after purchasing an additional 81,040 shares in the last quarter. Finally, US Bancorp DE increased its stake in Brighthouse Financial by 0.9% in the 3rd quarter. US Bancorp DE now owns 35,755 shares of the company’s stock worth $1,610,000 after acquiring an additional 319 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on BHF shares. Wells Fargo & Company upgraded Brighthouse Financial from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $41.00 to $59.00 in a research report on Wednesday, February 19th. Piper Sandler upped their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut their target price on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group lowered Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Brighthouse Financial presently has an average rating of “Hold” and an average price target of $63.14.

Insider Transactions at Brighthouse Financial

In other Brighthouse Financial news, EVP Myles Lambert sold 8,400 shares of Brighthouse Financial stock in a transaction on Tuesday, December 3rd. The stock was 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 owns 33,407 shares in the company, valued at approximately $1,727,141.90. The trade was a 20.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Rosenthal sold 10,000 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Down 3.9 %

BHF stock opened at $59.45 on Monday. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.12. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 11.52 and a beta of 1.10. The business’s 50 day moving average price is $53.13 and its two-hundred day moving average price is $49.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results 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%. As a group, analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

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.