California Public Employees Retirement System Cuts Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

California Public Employees Retirement System lessened its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 7.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 75,551 shares of the company's stock after selling 6,151 shares during the period. California Public Employees Retirement System owned about 0.13% of Brighthouse Financial worth $3,629,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Xponance Inc. raised its stake in shares of Brighthouse Financial by 2.7% during the 4th quarter. Xponance Inc. now owns 6,860 shares of the company's stock worth $330,000 after acquiring an additional 181 shares in the last quarter. Amalgamated Bank grew its holdings in Brighthouse Financial by 0.8% in the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company's stock worth $1,362,000 after purchasing an additional 227 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Brighthouse Financial by 0.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company's stock worth $3,501,000 after purchasing an additional 388 shares in the last quarter. Lecap Asset Management Ltd. boosted its position in shares of Brighthouse Financial by 9.1% in the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock worth $251,000 after purchasing an additional 436 shares in the last quarter. Finally, KBC Group NV grew its stake in Brighthouse Financial by 33.1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after buying an additional 663 shares during the last quarter. Institutional investors own 81.24% of the company's stock.

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Brighthouse Financial Price Performance

Shares of NASDAQ BHF traded up $1.82 during midday trading on Monday, hitting $49.64. The stock had a trading volume of 33,770 shares, compared to its average volume of 529,254. 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 has a 50 day simple moving average of $56.66 and a 200-day simple moving average of $52.06. The company has a market capitalization of $2.88 billion, a PE ratio of 9.63 and a beta of 0.91. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BHF. Jefferies Financial Group cut shares of Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target for the company. in a report on Monday, February 3rd. Wells Fargo & Company dropped their target price on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Thursday. Raymond James raised shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target for the company in a research report on Tuesday, March 18th. Barclays upgraded shares of Brighthouse Financial from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $52.00 to $85.00 in a research note on Wednesday, January 29th. Finally, UBS Group set a $72.00 price target on shares of Brighthouse Financial in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $62.00.

Insiders Place Their Bets

In other news, EVP John Rosenthal sold 10,000 shares of the business's stock in a transaction dated 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 owns 66,262 shares of the company's stock, valued at approximately $4,041,982. The trade was a 13.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company's stock.

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.