Brighthouse Financial, Inc. (NASDAQ:BHF) EVP John Rosenthal Sells 10,000 Shares

Brighthouse Financial, Inc. (NASDAQ:BHF) EVP John Rosenthal sold 10,000 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total value 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 represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Brighthouse Financial Price Performance

Shares of BHF opened at $59.98 on Tuesday. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $64.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day simple moving average of $50.44 and a 200 day simple moving average of $47.78. The firm has a market capitalization of $3.56 billion, a PE ratio of -2.95 and a beta of 1.10.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the company earned $4.18 EPS. Sell-side analysts predict that Brighthouse Financial, Inc. will post 18.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Piper Sandler lowered their price target on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Jefferies Financial Group cut Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research note on Monday. Barclays raised Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods upped their price target on Brighthouse Financial from $48.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, January 29th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $57.75.

Hedge Funds Weigh In On Brighthouse Financial

Large investors have recently bought and sold shares of the company. State Street Corp boosted its position in Brighthouse Financial by 2.2% during the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company’s stock worth $104,240,000 after acquiring an additional 50,441 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $826,000. GSA Capital Partners LLP acquired a new stake in shares of Brighthouse Financial in the 3rd quarter valued at approximately $1,311,000. Assenagon Asset Management S.A. boosted its holdings in shares of Brighthouse Financial by 102.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 160,399 shares of the company’s stock valued at $7,223,000 after buying an additional 81,040 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Brighthouse Financial by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company’s stock valued at $49,160,000 after buying an additional 8,004 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

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.