C Edward Chaplin Acquires 2,700 Shares of Brighthouse Financial Inc (BHF) Stock

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Brighthouse Financial Inc (NASDAQ:BHF) Director C Edward Chaplin bought 2,700 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $36.50 per share, for a total transaction of $98,550.00. Following the completion of the acquisition, the director now owns 6,939 shares of the company’s stock, valued at $253,273.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of BHF stock traded down $0.12 on Wednesday, hitting $37.71. The stock had a trading volume of 1,045,059 shares, compared to its average volume of 1,755,081. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4.23 billion, a PE ratio of 5.07, a P/E/G ratio of 0.35 and a beta of 2.21. Brighthouse Financial Inc has a 1 year low of $28.52 and a 1 year high of $48.49.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Monday, May 6th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.14). The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Brighthouse Financial had a net margin of 2.49% and a return on equity of 6.01%. Brighthouse Financial’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.36 EPS. Research analysts predict that Brighthouse Financial Inc will post 8.96 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Brighthouse Financial from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Monday, April 15th. TheStreet upgraded Brighthouse Financial from a “d+” rating to a “c-” rating in a research report on Thursday, April 25th. Wells Fargo & Co reiterated a “hold” rating on shares of Brighthouse Financial in a research report on Thursday, February 28th. Deutsche Bank downgraded Brighthouse Financial from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, BidaskClub upgraded Brighthouse Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Brighthouse Financial currently has an average rating of “Hold” and an average price target of $47.18.

Several hedge funds have recently bought and sold shares of BHF. Goldman Sachs Group Inc. boosted its position in shares of Brighthouse Financial by 18.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,873,701 shares of the company’s stock worth $67,996,000 after acquiring an additional 298,386 shares in the last quarter. Ellington Management Group LLC purchased a new stake in shares of Brighthouse Financial in the 1st quarter valued at about $566,000. Utah Retirement Systems lifted its holdings in shares of Brighthouse Financial by 1.6% in the 1st quarter. Utah Retirement Systems now owns 22,625 shares of the company’s stock valued at $821,000 after purchasing an additional 351 shares during the last quarter. Matthew 25 Management Corp raised its stake in Brighthouse Financial by 11.5% during the 1st quarter. Matthew 25 Management Corp now owns 145,000 shares of the company’s stock valued at $5,262,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Brighthouse Financial during the 1st quarter valued at approximately $207,000. Hedge funds and other institutional investors own 93.64% of the company’s stock.

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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 offers 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.

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