Headlands Technologies LLC Has $477,000 Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Headlands Technologies LLC lifted its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,012 shares of the company’s stock after buying an additional 412 shares during the quarter. Headlands Technologies LLC’s holdings in Brighthouse Financial were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Lindbrook Capital LLC grew its position in Brighthouse Financial by 412.3% in the 4th quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock valued at $29,000 after purchasing an additional 437 shares during the period. Blue Trust Inc. lifted its stake in Brighthouse Financial by 123.2% during the 4th quarter. Blue Trust Inc. now owns 732 shares of the company’s stock valued at $36,000 after acquiring an additional 404 shares in the last quarter. GAMMA Investing LLC bought a new position in Brighthouse Financial during the 4th quarter valued at $60,000. Quent Capital LLC lifted its stake in Brighthouse Financial by 23.0% during the 4th quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock valued at $108,000 after acquiring an additional 382 shares in the last quarter. Finally, Bfsg LLC bought a new position in Brighthouse Financial during the 4th quarter valued at $167,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Insider Activity at Brighthouse Financial

In related news, EVP Vonda Huss sold 10,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.85, for a total value of $468,500.00. Following the sale, the executive vice president now directly owns 27,080 shares of the company’s stock, valued at $1,268,698. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Eric T. Steigerwalt sold 25,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the sale, the chief executive officer now directly owns 390,765 shares of the company’s stock, valued at $18,350,324.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Vonda Huss sold 10,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the completion of the transaction, the executive vice president now directly owns 27,080 shares in the company, valued at approximately $1,268,698. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Brighthouse Financial Price Performance

NASDAQ:BHF traded down $0.30 during mid-day trading on Friday, reaching $48.73. The stock had a trading volume of 591,148 shares, compared to its average volume of 388,440. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 0.80. Brighthouse Financial, Inc. has a one year low of $39.24 and a one year high of $56.24. The firm has a 50 day moving average price of $48.33 and a two-hundred day moving average price of $49.78.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $2.92 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.91). Brighthouse Financial had a negative net margin of 27.01% and a positive return on equity of 20.71%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the firm posted $3.51 EPS. On average, sell-side analysts forecast that Brighthouse Financial, Inc. will post 17.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on BHF. Keefe, Bruyette & Woods restated an “underperform” rating and set a $50.00 price objective on shares of Brighthouse Financial in a research note on Friday, February 16th. Wells Fargo & Company lifted their target price on Brighthouse Financial from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Morgan Stanley cut Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 target price on the stock. in a research note on Friday, February 23rd. Finally, Piper Sandler lifted their target price on Brighthouse Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.14.

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.