Venturi Wealth Management LLC Has $28,000 Stake in Brighthouse Financial, Inc. (NASDAQ:BHF)

Venturi Wealth Management LLC boosted its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 989.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 621 shares of the company’s stock after acquiring an additional 564 shares during the quarter. Venturi Wealth Management LLC’s holdings in Brighthouse Financial were worth $28,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHF. UMB Bank n.a. increased its position in shares of Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock worth $28,000 after purchasing an additional 565 shares in the last quarter. CWM LLC raised its stake in shares of Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after acquiring an additional 339 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Brighthouse Financial by 97.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock worth $78,000 after acquiring an additional 855 shares in the last quarter. Quarry LP bought a new stake in Brighthouse Financial during the 2nd quarter worth approximately $89,000. Finally, EntryPoint Capital LLC acquired a new stake in Brighthouse Financial during the 1st quarter valued at $110,000. 81.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP John Rosenthal sold 5,000 shares of Brighthouse Financial stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $45.22, for a total transaction of $226,100.00. Following the transaction, the executive vice president now directly owns 91,262 shares of the company’s stock, valued at $4,126,867.64. This trade represents a 5.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.67, for a total transaction of $1,141,750.00. Following the completion of the transaction, the chief executive officer now directly owns 321,072 shares of the company’s stock, valued at $14,663,358.24. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,265 shares of company stock worth $1,564,211. Insiders own 1.40% of the company’s stock.

Brighthouse Financial Trading Down 0.2 %

Shares of NASDAQ BHF opened at $50.97 on Friday. The company’s 50 day simple moving average is $46.52 and its 200 day simple moving average is $45.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.85. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $56.24. The firm has a market capitalization of $3.03 billion, a P/E ratio of -2.51 and a beta of 1.05.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($0.51). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. During the same quarter in the prior year, the business earned $4.18 earnings per share. On average, analysts predict that Brighthouse Financial, Inc. will post 18.44 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on BHF shares. Wells Fargo & Company increased their target price on Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Evercore ISI reduced their target price on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating on the stock in a research report on Thursday, August 8th. Barclays assumed coverage on shares of Brighthouse Financial in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price target on the stock. Finally, Keefe, Bruyette & Woods reduced their price objective on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.63.

Brighthouse Financial 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.