Ieq Capital LLC Takes $1.75 Million Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Ieq Capital LLC bought a new position in Brighthouse Financial, Inc. (NASDAQ:BHF) in the 4th quarter, Holdings Channel.com reports. The fund bought 36,389 shares of the company’s stock, valued at approximately $1,748,000.

A number of other institutional investors have also bought and sold shares of the business. Joel Isaacson & Co. LLC bought a new position in Brighthouse Financial during the fourth quarter valued at approximately $643,000. Lecap Asset Management Ltd. raised its position in Brighthouse Financial by 9.1% during the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company’s stock valued at $251,000 after purchasing an additional 436 shares during the period. Institute for Wealth Management LLC. bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $287,000. KBC Group NV raised its holdings in Brighthouse Financial by 33.1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company’s stock valued at $128,000 after buying an additional 663 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Brighthouse Financial in the fourth quarter worth $312,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Insider Activity

In other Brighthouse Financial news, EVP Myles Lambert sold 8,400 shares of Brighthouse Financial stock in a transaction 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 owns 33,407 shares of the company’s stock, valued at $1,727,141.90. The trade was a 20.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the sale, the executive vice president now owns 66,262 shares of the company’s stock, valued at approximately $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BHF shares. Barclays raised shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. Jefferies Financial Group downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research note on Monday, February 3rd. Wells Fargo & Company raised Brighthouse Financial from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $41.00 to $59.00 in a research note on Wednesday, February 19th. Piper Sandler boosted 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. Finally, JPMorgan Chase & Co. dropped their price target on 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Brighthouse Financial currently has a consensus rating of “Hold” and a consensus target price of $63.14.

Brighthouse Financial Trading Down 3.9 %

NASDAQ:BHF opened at $59.45 on Monday. The firm has a fifty day simple moving average of $53.13 and a 200-day simple moving average of $49.05. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $3.53 billion, a P/E ratio of 11.52 and a beta of 1.10. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. On average, equities research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 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.