Arrowstreet Capital Limited Partnership Trims Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Arrowstreet Capital Limited Partnership lowered its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,200 shares of the company's stock after selling 9,601 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.36% of Brighthouse Financial worth $10,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV grew its position in Brighthouse Financial by 33.1% during the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock valued at $128,000 after buying an additional 663 shares during the period. Lecap Asset Management Ltd. boosted its position in Brighthouse Financial by 9.1% during the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock worth $251,000 after purchasing an additional 436 shares during the period. Institute for Wealth Management LLC. bought a new position in Brighthouse Financial during the fourth quarter worth about $287,000. SG Americas Securities LLC bought a new position in Brighthouse Financial during the fourth quarter worth about $312,000. Finally, Xponance Inc. boosted its position in Brighthouse Financial by 2.7% during the fourth quarter. Xponance Inc. now owns 6,860 shares of the company's stock worth $330,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Price Performance

BHF traded down $4.28 on Thursday, reaching $49.60. The company had a trading volume of 162,087 shares, compared to its average volume of 524,660. The business has a 50 day simple moving average of $57.15 and a 200 day simple moving average of $51.95. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 9.61 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $64.12.

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Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. As a group, sell-side analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BHF shares. JPMorgan Chase & Co. cut their target price on shares of Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a research report on Tuesday, January 7th. Piper Sandler increased their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods increased their price target on shares of Brighthouse Financial from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. Morgan Stanley set a $52.00 price target on shares of Brighthouse Financial in a report on Friday, February 28th. Finally, Jefferies Financial Group downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target on the stock. in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.80.

Insider Activity at Brighthouse Financial

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

Brighthouse Financial 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.