Innealta Capital LLC Cuts Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Innealta Capital LLC cut its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 10.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,326 shares of the company’s stock after selling 478 shares during the period. Innealta Capital LLC’s holdings in Brighthouse Financial were worth $251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in Brighthouse Financial by 188.0% during the first quarter. Versant Capital Management Inc now owns 622 shares of the company’s stock worth $36,000 after purchasing an additional 406 shares during the period. Aster Capital Management DIFC Ltd increased its stake in Brighthouse Financial by 327.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock worth $44,000 after purchasing an additional 703 shares during the period. UMB Bank n.a. increased its stake in Brighthouse Financial by 101.7% during the first quarter. UMB Bank n.a. now owns 1,200 shares of the company’s stock worth $70,000 after purchasing an additional 605 shares during the period. Siemens Fonds Invest GmbH purchased a new stake in Brighthouse Financial during the fourth quarter worth about $94,000. Finally, GAMMA Investing LLC increased its stake in Brighthouse Financial by 11.0% during the first quarter. GAMMA Investing LLC now owns 2,035 shares of the company’s stock worth $118,000 after purchasing an additional 202 shares during the period. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock opened at $58.86 on Friday. The firm has a market capitalization of $3.38 billion, a P/E ratio of 7.06 and a beta of 0.92. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $57.17 and its two-hundred day moving average is $54.93.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.55). The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Brighthouse Financial had a net margin of 8.71% and a return on equity of 25.60%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.25 earnings per share. Research analysts forecast that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BHF has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on shares of Brighthouse Financial from $59.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Raymond James Financial raised shares of Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 target price on the stock in a report on Tuesday, March 18th. Barclays raised their target price on shares of Brighthouse Financial from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Keefe, Bruyette & Woods raised their target price on shares of Brighthouse Financial from $56.00 to $59.00 and gave the company a “market perform” rating in a report on Tuesday, May 13th. Finally, Morgan Stanley raised their target price on shares of Brighthouse Financial from $41.00 to $45.00 and gave the company an “underweight” rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, six have issued 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, the stock has a consensus rating of “Hold” and a consensus target price of $60.80.

Insider Transactions at Brighthouse Financial

In other news, EVP Vonda Huss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $59.51, for a total transaction of $178,530.00. Following the transaction, the executive vice president now directly owns 18,441 shares in the company, valued at approximately $1,097,423.91. This trade represents a 13.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

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.