Bfsg LLC Sells 222 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Bfsg LLC lowered its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,938 shares of the company’s stock after selling 222 shares during the period. Bfsg LLC’s holdings in Brighthouse Financial were worth $141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp grew its stake in Brighthouse Financial by 2.2% during the third quarter. State Street Corp now owns 2,314,905 shares of the company’s stock valued at $104,240,000 after acquiring an additional 50,441 shares in the last quarter. Institute for Wealth Management LLC. purchased a new position in Brighthouse Financial during the fourth quarter valued at approximately $287,000. SG Americas Securities LLC purchased a new position in Brighthouse Financial during the fourth quarter valued at approximately $312,000. Range Financial Group LLC purchased a new position in Brighthouse Financial during the fourth quarter valued at approximately $826,000. Finally, GSA Capital Partners LLP purchased a new position in Brighthouse Financial during the third quarter valued at approximately $1,311,000. Institutional investors own 81.24% of the company’s stock.

Insider Transactions at Brighthouse Financial

In related news, EVP Myles Lambert sold 8,400 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the completion of the sale, the executive vice president now directly owns 33,407 shares in the company, valued at $1,727,141.90. This represents a 20.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the executive vice president now owns 66,262 shares of the company’s stock, valued at $4,041,982. This represents a 13.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Brighthouse Financial Trading Up 1.1 %

Shares of BHF opened at $62.81 on Wednesday. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of -3.09 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.00. The firm has a 50 day moving average price of $52.37 and a 200-day moving average price of $48.68.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $1.32. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. As a group, equities research analysts forecast that Brighthouse Financial, Inc. will post 18.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Tuesday. Jefferies Financial Group cut shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research note on Monday, February 3rd. Barclays raised shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $52.00 to $85.00 in a research note on Wednesday, January 29th. Wells Fargo & Company cut their price target on shares of Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Finally, Piper Sandler boosted their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $59.50.

About Brighthouse Financial

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.