31,173 Shares in Brighthouse Financial, Inc. (NASDAQ:BHF) Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Brighthouse Financial, Inc. (NASDAQ:BHF) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 31,173 shares of the company’s stock, valued at approximately $1,404,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.05% of Brighthouse Financial at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in shares of Brighthouse Financial by 989.5% in the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock worth $28,000 after acquiring an additional 564 shares during the period. UMB Bank n.a. boosted its holdings in 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 grew its position in Brighthouse Financial by 29.4% during the 3rd 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 raised its stake 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 valued at $78,000 after buying an additional 855 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Brighthouse Financial by 30.2% in the third quarter. KBC Group NV now owns 2,001 shares of the company’s stock worth $90,000 after buying an additional 464 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Stock Performance

BHF opened at $52.27 on Monday. The firm’s fifty day simple moving average is $48.29 and its two-hundred day simple moving average is $45.77. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $56.24. The company has a market cap of $3.10 billion, a price-to-earnings ratio of -2.57 and a beta of 1.05. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the business posted $4.18 earnings per share. Equities analysts anticipate that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP John Rosenthal sold 4,265 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were 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 of the company’s stock, valued at approximately $3,971,502.48. This trade represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.