Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Bought by XTX Topco Ltd

XTX Topco Ltd lifted its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 244.2% during the second quarter, HoldingsChannel.com reports. The fund owned 23,248 shares of the company’s stock after purchasing an additional 16,493 shares during the quarter. XTX Topco Ltd’s holdings in Brighthouse Financial were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC grew its position in shares of Brighthouse Financial by 36.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock worth $60,000 after acquiring an additional 303 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Brighthouse Financial during the first quarter worth approximately $110,000. Central Pacific Bank Trust Division purchased a new position in shares of Brighthouse Financial during the first quarter worth approximately $169,000. EMC Capital Management grew its position in Brighthouse Financial by 216.0% in the 1st quarter. EMC Capital Management now owns 3,776 shares of the company’s stock valued at $195,000 after buying an additional 2,581 shares during the last quarter. Finally, Privium Fund Management B.V. grew its position in Brighthouse Financial by 16.9% in the 1st quarter. Privium Fund Management B.V. now owns 5,712 shares of the company’s stock valued at $294,000 after buying an additional 825 shares during the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Brighthouse Financial

In other news, EVP John Rosenthal sold 5,000 shares of Brighthouse Financial stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $45.22, for a total transaction of $226,100.00. Following the completion of the transaction, the executive vice president now owns 91,262 shares of the company’s stock, valued at approximately $4,126,867.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Edward A. Spehar sold 7,125 shares of Brighthouse Financial stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $41.74, for a total transaction of $297,397.50. Following the completion of the transaction, the chief financial officer now owns 37,640 shares of the company’s stock, valued at approximately $1,571,093.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Rosenthal sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $45.22, for a total transaction of $226,100.00. Following the completion of the transaction, the executive vice president now directly owns 91,262 shares of the company’s stock, valued at approximately $4,126,867.64. The disclosure for this sale can be found here. Insiders sold 42,125 shares of company stock valued at $1,895,248 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of Brighthouse Financial from $58.00 to $59.00 and gave the company an “underweight” rating in a research report on Tuesday, July 2nd. Wells Fargo & Company lowered shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $51.00 to $40.00 in a research report on Monday, August 12th. Jefferies Financial Group lifted their price objective on shares of Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 14th. 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 company’s stock. According to data from MarketBeat, Brighthouse Financial presently has a consensus rating of “Hold” and an average target price of $50.25.

Brighthouse Financial Price Performance

Shares of NASDAQ BHF opened at $44.06 on Friday. The firm has a market capitalization of $2.74 billion, a P/E ratio of -2.31 and a beta of 1.06. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $56.24. The company’s fifty day moving average is $45.06 and its two-hundred day moving average is $45.87. 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 (NASDAQ:BHF) last issued its earnings results on Wednesday, August 7th. The company reported $5.57 EPS for the quarter, topping the consensus estimate of $4.36 by $1.21. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.21 billion. Brighthouse Financial had a negative net margin of 22.03% and a positive return on equity of 26.22%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.13 EPS. Analysts forecast that Brighthouse Financial, Inc. will post 18.16 EPS for the current fiscal year.

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.