Barclays PLC Sells 33,503 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Barclays PLC reduced its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 50.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in BHF. State Street Corp grew its position in shares of Brighthouse Financial by 2.2% in the third quarter. State Street Corp now owns 2,314,905 shares of the company's stock valued at $104,240,000 after purchasing an additional 50,441 shares in the last quarter. American Century Companies Inc. grew its holdings in Brighthouse Financial by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 1,273,882 shares of the company's stock valued at $55,210,000 after buying an additional 228,814 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Brighthouse Financial by 75.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 623,607 shares of the company's stock valued at $27,027,000 after buying an additional 269,062 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Brighthouse Financial by 12.6% during the third quarter. Two Sigma Advisers LP now owns 320,700 shares of the company's stock valued at $14,441,000 after buying an additional 35,800 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Brighthouse Financial by 278.0% in the second quarter. Millennium Management LLC now owns 280,270 shares of the company's stock worth $12,147,000 after buying an additional 206,116 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays increased their target price on Brighthouse Financial from $48.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, December 16th. Piper Sandler reduced their price objective on Brighthouse Financial from $55.00 to $52.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company raised their price objective on Brighthouse Financial from $40.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $51.75.

Brighthouse Financial Trading Down 1.2 %

Brighthouse Financial stock traded down $0.58 during trading hours on Friday, reaching $48.22. The company had a trading volume of 174,401 shares, compared to its average volume of 419,096. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $54.73. The company has a 50-day moving average price of $49.76 and a 200 day moving average price of $46.51. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -2.37 and a beta of 1.06.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued 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). The firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $2.21 billion. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. During the same period in the previous year, the firm earned $4.18 earnings per share. Equities analysts forecast that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current year.

Insider Buying and Selling at Brighthouse Financial

In related news, EVP John Rosenthal sold 4,265 shares of the company's stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the completion of the transaction, the executive vice president now owns 86,262 shares in the company, valued at $3,971,502.48. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Myles Lambert sold 8,400 shares of Brighthouse Financial stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the completion of the sale, the executive vice president now owns 33,407 shares in the company, valued at approximately $1,727,141.90. This trade represents a 20.09 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% 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.