Vinva Investment Management Ltd Increases Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Vinva Investment Management Ltd lifted its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 88.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,100 shares of the company’s stock after buying an additional 7,094 shares during the quarter. Vinva Investment Management Ltd’s holdings in Brighthouse Financial were worth $725,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in shares of Brighthouse Financial by 2.2% during the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company’s stock valued at $104,240,000 after buying an additional 50,441 shares during the period. Institute for Wealth Management LLC. purchased a new stake in Brighthouse Financial during the 4th quarter worth approximately $287,000. Bank of New York Mellon Corp increased its holdings in Brighthouse Financial by 1.8% during the 4th quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company’s stock worth $25,240,000 after purchasing an additional 9,500 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Brighthouse Financial during the 4th quarter worth approximately $312,000. Finally, Range Financial Group LLC purchased a new stake in Brighthouse Financial during the 4th quarter worth approximately $826,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Trading Down 0.2 %

NASDAQ:BHF opened at $57.98 on Friday. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $64.12. The firm has a market capitalization of $3.37 billion, a P/E ratio of 11.24 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. The business has a 50 day simple moving average of $56.27 and a 200 day simple moving average of $50.65.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BHF shares. Jefferies Financial Group downgraded Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a report on Monday, February 3rd. Morgan Stanley set a $52.00 price objective on Brighthouse Financial in a report on Friday, February 28th. Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $52.00 to $85.00 in a report on Wednesday, January 29th. Raymond James upgraded Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 price objective on the stock in a report on Tuesday. Finally, UBS Group set a $72.00 target price on Brighthouse Financial in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.80.

Insider Activity at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the transaction, the executive vice president now owns 66,262 shares in the company, valued at $4,041,982. The trade was a 13.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.