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 stock in a transaction on Friday, January 31st. The stock was 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 directly owns 66,262 shares of the company’s stock, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Brighthouse Financial Trading Down 0.0 %

BHF opened at $59.96 on Wednesday. The stock has a 50-day moving average of $50.60 and a 200 day moving average of $47.87. 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 12 month low of $40.00 and a 12 month high of $64.00. The firm has a market cap of $3.56 billion, a P/E ratio of -2.95 and a beta of 1.10.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the company earned $4.18 earnings per share. As a group, research analysts forecast that Brighthouse Financial, Inc. will post 18.2 EPS for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Brighthouse Financial

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC raised its position in shares of Brighthouse Financial by 278.0% in the 2nd quarter. Millennium Management LLC now owns 280,270 shares of the company’s stock worth $12,147,000 after acquiring an additional 206,116 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Brighthouse Financial by 102.1% in the third quarter. Assenagon Asset Management S.A. now owns 160,399 shares of the company’s stock worth $7,223,000 after purchasing an additional 81,040 shares in the last quarter. State Street Corp lifted its position in shares of 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 buying an additional 50,441 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at about $1,748,000. Finally, Two Sigma Advisers LP grew its position in shares of Brighthouse Financial by 12.6% in the 3rd quarter. Two Sigma Advisers LP now owns 320,700 shares of the company’s stock worth $14,441,000 after buying an additional 35,800 shares during the last quarter. Institutional investors 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.