John Rosenthal Sells 4,265 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) Stock

Brighthouse Financial, Inc. (NASDAQ:BHF) EVP John Rosenthal sold 4,265 shares of Brighthouse Financial stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the sale, the executive vice president now owns 86,262 shares of the company’s stock, valued at approximately $3,971,502.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

John Rosenthal also recently made the following trade(s):

• On Tuesday, September 3rd, John Rosenthal sold 5,000 shares of Brighthouse Financial stock. The shares were sold at an average price of $45.22, for a total transaction of $226,100.00.

Brighthouse Financial Trading Up 1.7 %

BHF stock traded up $0.77 during midday trading on Tuesday, reaching $47.35. The stock had a trading volume of 482,263 shares, compared to its average volume of 428,138. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.75. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $56.24. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of -2.51 and a beta of 1.06. The business has a fifty day simple moving average of $43.92 and a two-hundred day simple moving average of $45.48.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.36 by $1.21. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.21 billion. Brighthouse Financial had a positive return on equity of 26.22% and a negative net margin of 22.03%. Brighthouse Financial’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $4.13 EPS. As a group, research analysts expect that Brighthouse Financial, Inc. will post 18.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Brighthouse Financial from $58.00 to $59.00 and gave the company an “underweight” rating in a report on Tuesday, July 2nd. Piper Sandler increased their price objective on Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Evercore ISI reduced their price objective on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research report on Thursday, August 8th. Finally, Barclays started coverage on Brighthouse Financial in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 price objective for the company. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.63.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. UMB Bank n.a. boosted its stake in Brighthouse Financial by 974.1% in the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock valued at $28,000 after purchasing an additional 565 shares during the period. CWM LLC boosted its stake in Brighthouse Financial by 29.4% in the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after purchasing an additional 339 shares during the period. GAMMA Investing LLC boosted its stake in Brighthouse Financial by 97.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock valued at $78,000 after purchasing an additional 855 shares during the period. Quarry LP bought a new stake in shares of Brighthouse Financial during the 2nd quarter valued at $89,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Brighthouse Financial during the 1st quarter valued at $110,000. 81.24% of the stock is owned by institutional investors and hedge funds.

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.