Brighthouse Financial, Inc. (NASDAQ:BHF) EVP Sells $610,000.00 in Stock

Brighthouse Financial, Inc. (NASDAQ:BHF) EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the sale, the executive vice president now owns 66,262 shares in the company, valued at $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Brighthouse Financial Stock Down 2.8 %

NASDAQ:BHF traded down $1.73 during trading hours on Monday, hitting $59.98. The company’s stock had a trading volume of 1,096,370 shares, compared to its average volume of 656,922. The stock has a market capitalization of $3.56 billion, a P/E ratio of -2.95 and a beta of 1.10. The stock has a fifty day moving average of $50.30 and a 200-day moving average of $47.70. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.56. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $64.00.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the business earned $4.18 EPS. On average, equities analysts forecast that Brighthouse Financial, Inc. will post 18.2 earnings per share for the current year.

Institutional Trading of Brighthouse Financial

Institutional investors have recently made changes to their positions in the stock. Ieq Capital LLC bought a new position in Brighthouse Financial in the 4th quarter worth about $1,748,000. Joel Isaacson & Co. LLC acquired a new position in Brighthouse Financial in the 4th quarter valued at $643,000. Lecap Asset Management Ltd. lifted its holdings in shares of Brighthouse Financial by 9.1% during the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company’s stock worth $251,000 after acquiring an additional 436 shares during the period. Institute for Wealth Management LLC. acquired a new stake in shares of Brighthouse Financial during the 4th quarter worth about $287,000. Finally, KBC Group NV grew its position in shares of Brighthouse Financial by 33.1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company’s stock worth $128,000 after buying an additional 663 shares during the period. 81.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on BHF. Keefe, Bruyette & Woods increased their price target on Brighthouse Financial from $48.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. Piper Sandler dropped their price target on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Wells Fargo & Company reduced their price objective on Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group downgraded Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a report on Monday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $57.75.

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.