LSV Asset Management Sells 41,700 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

LSV Asset Management lessened its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 24.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129,513 shares of the company's stock after selling 41,700 shares during the period. LSV Asset Management owned 0.22% of Brighthouse Financial worth $6,222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BHF. Aster Capital Management DIFC Ltd raised its holdings in Brighthouse Financial by 327.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after buying an additional 703 shares during the last quarter. KBC Group NV raised its holdings in shares of Brighthouse Financial by 33.1% in the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after acquiring an additional 663 shares during the last quarter. Polymer Capital Management US LLC acquired a new stake in shares of Brighthouse Financial in the 4th quarter worth about $233,000. Lecap Asset Management Ltd. lifted its position in Brighthouse Financial by 9.1% in the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock valued at $251,000 after acquiring an additional 436 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in Brighthouse Financial during the 4th quarter valued at about $258,000. 81.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,262 shares in the company, valued at approximately $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company's stock.

Brighthouse Financial Stock Performance

Brighthouse Financial stock traded up $0.93 during trading on Friday, hitting $50.65. The stock had a trading volume of 520,964 shares, compared to its average volume of 535,234. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The stock's 50 day moving average is $55.93 and its two-hundred day moving average is $52.11. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 9.82 and a beta of 0.91.

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

Analyst Ratings Changes

Several research analysts recently issued reports on BHF shares. Barclays raised Brighthouse Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $52.00 to $85.00 in a research report on Wednesday, January 29th. Wells Fargo & Company lowered their target price on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Raymond James upgraded shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target on the stock in a report on Tuesday, March 18th. Piper Sandler increased their price objective on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, UBS Group set a $72.00 target price on Brighthouse Financial in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $62.00.

Brighthouse Financial Company 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.