Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,356 shares of the company’s stock after selling 420 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Brighthouse Financial were worth $1,122,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in Brighthouse Financial by 267.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,275 shares of the company’s stock worth $590,000 after buying an additional 8,931 shares during the last quarter. MetLife Investment Management LLC grew its position in Brighthouse Financial by 6.5% during the 4th quarter. MetLife Investment Management LLC now owns 33,469 shares of the company’s stock worth $1,608,000 after purchasing an additional 2,051 shares during the last quarter. First Trust Advisors LP increased its stake in Brighthouse Financial by 181.0% during the 4th quarter. First Trust Advisors LP now owns 23,576 shares of the company’s stock valued at $1,133,000 after purchasing an additional 15,185 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Brighthouse Financial by 187.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company’s stock worth $87,585,000 after buying an additional 1,188,685 shares during the last quarter. Finally, Bridgewater Associates LP lifted its stake in shares of Brighthouse Financial by 198.6% during the fourth quarter. Bridgewater Associates LP now owns 209,523 shares of the company’s stock worth $10,065,000 after buying an additional 139,356 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF opened at $54.67 on Monday. The company has a market capitalization of $3.17 billion, a PE ratio of 10.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The company’s fifty day moving average price is $54.92 and its 200 day moving average price is $52.52. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Insider Buying and Selling at Brighthouse Financial

In other news, EVP John Rosenthal sold 10,000 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the sale, the executive vice president now owns 66,262 shares of the company’s stock, valued at $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BHF. Piper Sandler raised their target price on Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Jefferies Financial Group cut 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 upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $52.00 to $85.00 in a research report on Wednesday, January 29th. UBS Group set a $72.00 price target on shares of Brighthouse Financial in a report on Tuesday, March 18th. Finally, Raymond James upgraded shares of Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.00.

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.