Entropy Technologies LP Grows Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Entropy Technologies LP increased its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 11.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,016 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. Entropy Technologies LP’s holdings in Brighthouse Financial were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased its position in Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock valued at $28,000 after buying an additional 565 shares in the last quarter. Venturi Wealth Management LLC increased its position in Brighthouse Financial by 989.5% during 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 in the last quarter. CWM LLC increased its position in Brighthouse Financial by 29.4% during the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after buying an additional 339 shares in the last quarter. GAMMA Investing LLC increased its position in 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 in the last quarter. Finally, Quarry LP bought a new position in Brighthouse Financial during the 2nd quarter valued at approximately $89,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Insider Buying and Selling

In related news, EVP John Rosenthal sold 4,265 shares of Brighthouse Financial stock in a transaction on Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction 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. The trade was a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric T. Steigerwalt sold 25,000 shares of Brighthouse Financial stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.67, for a total value of $1,141,750.00. Following the transaction, the chief executive officer now owns 321,072 shares in the company, valued at $14,663,358.24. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,265 shares of company stock valued at $1,564,211 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods reduced their price objective 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. Wells Fargo & Company lifted their target price on Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Piper Sandler lifted their target price on Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Jefferies Financial Group lifted their target price on Brighthouse Financial from $59.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Barclays assumed coverage on Brighthouse Financial in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 target price for the company. Three 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $50.63.

Brighthouse Financial Stock Performance

Shares of BHF opened at $51.09 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.85. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $56.24. The firm has a market capitalization of $3.03 billion, a P/E ratio of -2.51 and a beta of 1.05. The business has a fifty day moving average of $46.35 and a 200 day moving average of $45.51.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the firm earned $4.18 EPS. As a group, sell-side analysts anticipate that Brighthouse Financial, Inc. will post 18.44 EPS 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.