Vinva Investment Management Ltd Invests $361,000 in Brighthouse Financial, Inc. (NASDAQ:BHF)

Vinva Investment Management Ltd bought a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,006 shares of the company’s stock, valued at approximately $361,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC increased its position in shares of Brighthouse Financial by 204.6% in the second quarter. Lighthouse Investment Partners LLC now owns 135,730 shares of the company’s stock worth $5,883,000 after acquiring an additional 91,175 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of Brighthouse Financial by 12.7% during the second quarter. Edgestream Partners L.P. now owns 153,789 shares of the company’s stock worth $6,665,000 after purchasing an additional 17,329 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Brighthouse Financial in the second quarter worth about $3,439,000. GSA Capital Partners LLP acquired a new stake in shares of Brighthouse Financial in the third quarter valued at about $1,311,000. Finally, Point72 Asset Management L.P. raised its holdings in shares of Brighthouse Financial by 139.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 247,210 shares of the company’s stock valued at $10,714,000 after buying an additional 144,102 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Shares of BHF opened at $52.27 on Friday. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $56.24. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of -2.57 and a beta of 1.05. The stock has a 50 day moving average of $48.29 and a 200-day moving average of $45.77.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the firm earned $4.18 EPS. As a group, analysts forecast that Brighthouse Financial, Inc. will post 18.44 EPS for the current year.

Analysts Set New Price Targets

BHF has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Barclays started coverage on shares of Brighthouse Financial in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price target on the stock. Piper Sandler boosted their price objective on shares of Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods lowered their target price on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday, August 14th. Finally, Evercore ISI reduced their price target on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $50.63.

Insider Activity

In related news, EVP John Rosenthal sold 4,265 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 86,262 shares of the company’s stock, valued at approximately $3,971,502.48. This trade represents a 4.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Brighthouse Financial 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.