Yahoo Finance Executive VP & Chief Investment Officer John Rosenthal Just Bought Shares In Brighthouse Financial, Inc. (NASDAQ:BHF)
Potential Brighthouse Financial, Inc. (NASDAQ:BHF) shareholders may wish to note that the Executive VP & Chief Investment Officer, John Rosenthal, recently bought US$357k worth of stock, paying US$23.83 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 40%.
See our latest analysis for Brighthouse Financial
Brighthouse Financial Insider Transactions Over The Last Year
Director Eric Steigerwalt made the biggest insider purchase in the last 12 months. That single transaction was for US$426k worth of shares at a price of US$34.04 each. That means that an insider was happy to buy shares at above the current price of US$26.98. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Over the last year, we can see that insiders have bought 62.14k shares worth US$1.9m. On the other hand they divested 327 shares, for US$12k. In the last twelve months there was more buying than selling by Brighthouse Financial insiders. Their average price was about US$29.87. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Brighthouse Financial is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Brighthouse Financial
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.3% of Brighthouse Financial shares, worth about US$8.3m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Brighthouse Financial Insiders?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Brighthouse Financial insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. In terms of investment risks, we've identified 1 warning sign with Brighthouse Financial and understanding it should be part of your investment process.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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