LSV Asset Management Has $6.22 Million Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

LSV Asset Management lowered its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 24.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 129,513 shares of the company’s stock after selling 41,700 shares during the quarter. LSV Asset Management’s holdings in Brighthouse Financial were worth $6,222,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BHF. Aster Capital Management DIFC Ltd lifted its holdings in shares of Brighthouse Financial by 327.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock valued at $44,000 after buying an additional 703 shares during the last quarter. KBC Group NV raised its position in Brighthouse Financial by 33.1% during the fourth quarter. KBC Group NV now owns 2,664 shares of the company’s stock valued at $128,000 after acquiring an additional 663 shares in the last quarter. Polymer Capital Management US LLC bought a new position in Brighthouse Financial during the fourth quarter valued at approximately $233,000. Lecap Asset Management Ltd. lifted its stake in Brighthouse Financial by 9.1% in the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company’s stock valued at $251,000 after acquiring an additional 436 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in Brighthouse Financial in the fourth quarter worth approximately $258,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF opened at $47.82 on Monday. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The company has a market cap of $2.78 billion, a P/E ratio of 9.27 and a beta of 0.91. The business’s 50 day moving average is $56.66 and its two-hundred day moving average is $52.06. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. On average, equities analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. UBS Group set a $72.00 price target on Brighthouse Financial in a research report on Tuesday, March 18th. Piper Sandler upped their price target on Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Morgan Stanley cut their price objective on Brighthouse Financial from $52.00 to $41.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Keefe, Bruyette & Woods upped their target price on Brighthouse Financial from $60.00 to $66.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.00.

Insider Transactions at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the executive vice president now directly owns 66,262 shares of the company’s stock, valued at $4,041,982. This trade represents a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.