Guggenheim Capital LLC Makes New Investment in Brighthouse Financial, Inc. (NASDAQ:BHF)

Guggenheim Capital LLC bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,715 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors have also recently modified their holdings of the business. Xponance Inc. raised its holdings in Brighthouse Financial by 2.7% in the 4th quarter. Xponance Inc. now owns 6,860 shares of the company’s stock worth $330,000 after purchasing an additional 181 shares during the period. Pinnacle Holdings LLC raised its holdings in Brighthouse Financial by 0.4% in the 4th quarter. Pinnacle Holdings LLC now owns 46,297 shares of the company’s stock worth $2,224,000 after purchasing an additional 191 shares during the period. Amalgamated Bank raised its holdings in Brighthouse Financial by 0.8% in the 4th quarter. Amalgamated Bank now owns 28,345 shares of the company’s stock worth $1,362,000 after purchasing an additional 227 shares during the period. Mariner LLC raised its holdings in Brighthouse Financial by 4.2% in the 4th quarter. Mariner LLC now owns 6,055 shares of the company’s stock worth $291,000 after purchasing an additional 242 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in Brighthouse Financial by 0.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company’s stock worth $3,501,000 after purchasing an additional 388 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BHF. Piper Sandler increased their target price on Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. reduced their target price on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Morgan Stanley reduced their target price on Brighthouse Financial from $52.00 to $41.00 and set an “underweight” rating for the company in a report on Thursday, April 10th. Jefferies Financial Group cut Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their target price on Brighthouse Financial from $59.00 to $52.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Brighthouse Financial currently has an average rating of “Hold” and a consensus target price of $62.00.

Insider Activity at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,262 shares in the company, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Brighthouse Financial Trading Down 0.5 %

BHF opened at $54.41 on Tuesday. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The business has a fifty day simple moving average of $54.74 and a 200-day simple moving average of $52.58. The firm has a market cap of $3.16 billion, a P/E ratio of 10.54 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63.

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