Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Purchased by Range Financial Group LLC

Range Financial Group LLC increased its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 19.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,605 shares of the company’s stock after purchasing an additional 3,407 shares during the period. Range Financial Group LLC’s holdings in Brighthouse Financial were worth $1,195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Xponance Inc. increased its position in shares of Brighthouse Financial by 2.7% during the fourth quarter. Xponance Inc. now owns 6,860 shares of the company’s stock valued at $330,000 after acquiring an additional 181 shares during the last quarter. Pinnacle Holdings LLC grew its holdings in shares of Brighthouse Financial by 0.4% in the fourth quarter. Pinnacle Holdings LLC now owns 46,297 shares of the company’s stock valued at $2,224,000 after purchasing an additional 191 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Brighthouse Financial by 0.8% in the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company’s stock valued at $1,362,000 after purchasing an additional 227 shares in the last quarter. Mariner LLC lifted its stake in Brighthouse Financial by 4.2% in the fourth quarter. Mariner LLC now owns 6,055 shares of the company’s stock worth $291,000 after acquiring an additional 242 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in Brighthouse Financial by 0.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company’s stock worth $3,501,000 after acquiring an additional 388 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Vonda Huss sold 3,000 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $59.51, for a total value of $178,530.00. Following the sale, the executive vice president now directly owns 18,441 shares in the company, valued at $1,097,423.91. The trade was a 13.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Performance

NASDAQ:BHF opened at $59.31 on Monday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.12. The stock has a market cap of $3.40 billion, a PE ratio of 11.49 and a beta of 0.92. The firm’s fifty day simple moving average is $55.72 and its 200-day simple moving average is $54.52.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Thursday, May 8th. The company reported $4.17 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.55). Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company earned $4.25 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

BHF has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Brighthouse Financial from $59.00 to $52.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Morgan Stanley upped their price target on shares of Brighthouse Financial from $41.00 to $45.00 and gave the company an “underweight” rating in a research report on Monday, May 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 research report on Thursday, February 13th. Barclays upped their price target on shares of Brighthouse Financial from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Finally, UBS Group set a $72.00 price objective on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.80.

About Brighthouse Financial

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.