Quantbot Technologies LP Has $2.60 Million Stake in Brighthouse Financial, Inc. (NASDAQ:BHF)

Quantbot Technologies LP increased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,155 shares of the company’s stock after purchasing an additional 1,006 shares during the quarter. Quantbot Technologies LP owned approximately 0.09% of Brighthouse Financial worth $2,602,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. KBC Group NV lifted its stake in Brighthouse Financial by 30.2% in the third quarter. KBC Group NV now owns 2,001 shares of the company’s stock valued at $90,000 after acquiring an additional 464 shares during the last quarter. Lecap Asset Management Ltd. lifted its stake in Brighthouse Financial by 9.1% in the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company’s stock valued at $251,000 after acquiring an additional 436 shares during the last quarter. Institute for Wealth Management LLC. acquired a new stake in Brighthouse Financial in the fourth quarter valued at $287,000. SG Americas Securities LLC acquired a new stake in Brighthouse Financial in the fourth quarter valued at $312,000. Finally, Xponance Inc. lifted its stake in Brighthouse Financial by 2.7% in 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. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BHF. Jefferies Financial Group lowered shares of 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. Piper Sandler increased their price objective 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. Keefe, Bruyette & Woods increased 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. UBS Group set a $72.00 price objective on shares of Brighthouse Financial in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Brighthouse Financial has a consensus rating of “Hold” and a consensus price target of $63.80.

Brighthouse Financial Price Performance

NASDAQ:BHF opened at $57.98 on Friday. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 11.24 and a beta of 1.11. The firm’s 50-day simple moving average is $56.52 and its 200 day simple moving average is $50.77. 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 released its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. As a group, sell-side analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the executive vice president now directly owns 66,262 shares in the company, valued at $4,041,982. This represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.