Range Financial Group LLC Makes New Investment in Brighthouse Financial, Inc. (NASDAQ:BHF)

Range Financial Group LLC purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,198 shares of the company’s stock, valued at approximately $826,000.

A number of other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC grew its stake in Brighthouse Financial by 989.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock valued at $28,000 after buying an additional 564 shares during the last quarter. UMB Bank n.a. grew its position 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 valued at $28,000 after purchasing an additional 565 shares during the last quarter. CWM LLC increased its stake in shares of Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after purchasing an additional 339 shares during the period. GAMMA Investing LLC lifted its position in shares of Brighthouse Financial by 97.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock worth $78,000 after purchasing an additional 855 shares during the last quarter. Finally, KBC Group NV boosted its stake in Brighthouse Financial by 30.2% during the 3rd quarter. KBC Group NV now owns 2,001 shares of the company’s stock valued at $90,000 after purchasing an additional 464 shares during the period. Institutional investors own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays lifted their price target on Brighthouse Financial from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Wells Fargo & Company upped their target price on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Piper Sandler reduced their price target on shares of Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. 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 report on Tuesday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Brighthouse Financial currently has an average rating of “Hold” and an average price target of $51.38.

Insider Buying and Selling at Brighthouse Financial

In other news, EVP Myles Lambert sold 8,400 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the sale, the executive vice president now directly owns 33,407 shares of the company’s stock, valued at $1,727,141.90. This represents a 20.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Rosenthal sold 4,265 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $46.04, for a total value of $196,360.60. Following the transaction, the executive vice president now directly owns 86,262 shares in the company, valued at approximately $3,971,502.48. This represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock traded up $0.20 during trading on Tuesday, hitting $48.24. 308,797 shares of the company’s stock traded hands, compared to its average volume of 293,322. The company has a market cap of $2.86 billion, a PE ratio of -2.37 and a beta of 1.08. The firm’s fifty day moving average price is $49.72 and its 200 day moving average price is $46.80. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $54.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the firm posted $4.18 earnings per share. Analysts forecast that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current 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.