Brighthouse Financial, Inc. $BHF Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 231.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 341,502 shares of the company’s stock after acquiring an additional 238,478 shares during the period. SG Americas Securities LLC’s holdings in Brighthouse Financial were worth $22,126,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its position in shares of Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after purchasing an additional 226 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Brighthouse Financial by 540.4% in the 3rd quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock valued at $34,000 after purchasing an additional 535 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Brighthouse Financial by 225.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock valued at $35,000 after purchasing an additional 460 shares during the period. Danske Bank A S acquired a new stake in shares of Brighthouse Financial in the 3rd quarter valued at about $37,000. Finally, Jones Financial Companies Lllp grew its stake in Brighthouse Financial by 835.2% during the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after buying an additional 735 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

BHF has been the topic of several research analyst reports. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $67.00 target price on shares of Brighthouse Financial in a research report on Thursday. Finally, Barclays cut shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a report on Thursday, January 8th. Eight analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Brighthouse Financial has a consensus rating of “Reduce” and a consensus target price of $60.86.

Brighthouse Financial Stock Performance

NASDAQ BHF opened at $60.47 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. Brighthouse Financial, Inc. has a 52-week low of $42.07 and a 52-week high of $66.33. The business’s 50-day moving average price is $62.22 and its 200 day moving average price is $59.54. The firm has a market cap of $3.46 billion, a P/E ratio of 10.43 and a beta of 0.96.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.