Bogart Wealth LLC Purchases 5,899 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Bogart Wealth LLC raised its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 2.8% during the third quarter, Holdings Channel reports. The fund owned 214,222 shares of the company’s stock after buying an additional 5,899 shares during the period. Bogart Wealth LLC’s holdings in Brighthouse Financial were worth $9,646,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of Brighthouse Financial in the third quarter worth about $14,280,000. Lecap Asset Management Ltd. purchased a new position in Brighthouse Financial in the 3rd quarter worth approximately $216,000. nVerses Capital LLC lifted its position in Brighthouse Financial by 24.0% in the third quarter. nVerses Capital LLC now owns 3,100 shares of the company’s stock valued at $140,000 after purchasing an additional 600 shares during the last quarter. Creative Planning boosted its stake in shares of 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 purchasing an additional 420 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Brighthouse Financial by 974.1% in the third quarter. UMB Bank n.a. now owns 623 shares of the company’s stock worth $28,000 after purchasing an additional 565 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Brighthouse Financial

In other Brighthouse Financial news, CFO Edward A. Spehar sold 7,125 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $41.74, for a total value of $297,397.50. Following the sale, the chief financial officer now owns 37,640 shares in the company, valued at approximately $1,571,093.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Brighthouse Financial news, CFO Edward A. Spehar sold 7,125 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $41.74, for a total value of $297,397.50. Following the sale, the chief financial officer now directly owns 37,640 shares of the company’s stock, valued at approximately $1,571,093.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Rosenthal sold 4,265 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $46.04, for a total value of $196,360.60. Following the transaction, the executive vice president now owns 86,262 shares of the company’s stock, valued at $3,971,502.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,390 shares of company stock valued at $1,861,608 in the last three months. Company insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Up 0.1 %

Shares of BHF traded up $0.03 on Thursday, reaching $48.58. The stock had a trading volume of 89,759 shares, compared to its average volume of 426,872. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.85 and a current ratio of 0.85. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $56.24. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of -2.55 and a beta of 1.06. The company has a 50-day simple moving average of $44.78 and a 200-day simple moving average of $45.39.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $5.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.36 by $1.21. Brighthouse Financial had a positive return on equity of 26.22% and a negative net margin of 22.03%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the company earned $4.13 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts predict that Brighthouse Financial, Inc. will post 18.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Evercore ISI lowered their price objective on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research note on Thursday, August 8th. Jefferies Financial Group raised their target price on Brighthouse Financial from $59.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reduced their price target on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. increased their price objective on Brighthouse Financial from $58.00 to $59.00 and gave the stock an “underweight” rating in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.63.

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.