Barclays PLC reduced its stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 50.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,429 shares of the company's stock after selling 33,503 shares during the quarter. Barclays PLC owned approximately 0.06% of Brighthouse Financial worth $1,506,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in Brighthouse Financial by 989.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock worth $28,000 after purchasing an additional 564 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Brighthouse Financial by 974.1% in the third quarter. UMB Bank n.a. now owns 623 shares of the company's stock worth $28,000 after buying an additional 565 shares in the last quarter. CWM LLC boosted its stake in Brighthouse Financial by 29.4% during the third quarter. CWM LLC now owns 1,491 shares of the company's stock valued at $67,000 after buying an additional 339 shares during the last quarter. GAMMA Investing LLC boosted its stake in Brighthouse Financial by 97.8% during the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company's stock valued at $78,000 after buying an additional 855 shares during the last quarter. Finally, KBC Group NV grew its holdings in Brighthouse Financial by 30.2% during the 3rd quarter. KBC Group NV now owns 2,001 shares of the company's stock valued at $90,000 after buying an additional 464 shares in the last quarter. Institutional investors own 81.24% of the company's stock.
Brighthouse Financial Price Performance
Shares of BHF opened at $45.74 on Monday. The company's fifty day moving average price is $49.67 and its 200-day moving average price is $46.92. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $2.71 billion, a PE ratio of -2.25 and a beta of 1.08. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $54.73.
Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing the consensus estimate 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 business 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 company posted $4.18 earnings per share. On average, equities research analysts predict that Brighthouse Financial, Inc. will post 18.47 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Piper Sandler decreased their price objective on Brighthouse Financial from $55.00 to $52.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. Wells Fargo & Company lifted their price objective on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an "underweight" rating in a research note on Thursday, October 10th. Barclays upped their target price on shares of Brighthouse Financial from $48.00 to $52.00 and gave the company an "equal weight" rating in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $51.38.
View Our Latest Analysis on BHF
Insiders Place Their Bets
In related news, EVP Myles Lambert sold 8,400 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total value of $434,280.00. Following the sale, the executive vice president now owns 33,407 shares of the company's stock, valued at approximately $1,727,141.90. This trade represents a 20.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.
About Brighthouse Financial
(
Free Report)
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.
Further Reading
Before you consider Brighthouse Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brighthouse Financial wasn't on the list.
While Brighthouse Financial currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
