Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 40.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,653 shares of the company's stock after selling 55,683 shares during the quarter. Jane Street Group LLC owned about 0.14% of Brighthouse Financial worth $3,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHF. D. E. Shaw & Co. Inc. grew its stake in Brighthouse Financial by 75.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 623,607 shares of the company's stock worth $27,027,000 after buying an additional 269,062 shares during the period. American Century Companies Inc. increased its holdings in Brighthouse Financial by 21.9% in the 2nd quarter. American Century Companies Inc. now owns 1,273,882 shares of the company's stock valued at $55,210,000 after purchasing an additional 228,814 shares in the last quarter. Millennium Management LLC increased its holdings in Brighthouse Financial by 278.0% in the 2nd quarter. Millennium Management LLC now owns 280,270 shares of the company's stock valued at $12,147,000 after purchasing an additional 206,116 shares in the last quarter. Great Lakes Advisors LLC raised its position in Brighthouse Financial by 3,362.1% in the second quarter. Great Lakes Advisors LLC now owns 158,149 shares of the company's stock valued at $6,854,000 after purchasing an additional 153,581 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in shares of Brighthouse Financial by 139.8% during the second quarter. Point72 Asset Management L.P. now owns 247,210 shares of the company's stock worth $10,714,000 after purchasing an additional 144,102 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Brighthouse Financial Stock Up 1.4 %

Shares of Brighthouse Financial stock traded up $0.66 on Thursday, hitting $46.63. 329,634 shares of the company's stock traded hands, compared to its average volume of 420,811. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The firm's 50-day moving average is $49.68 and its 200 day moving average is $46.27. The stock has a market cap of $2.77 billion, a P/E ratio of -2.29 and a beta of 1.06. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week 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 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.51). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate 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 posted $4.18 EPS. Equities analysts anticipate that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BHF. 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. Piper Sandler lowered their price objective on shares of Brighthouse Financial from $55.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company boosted their target price on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an "underweight" rating in a research 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 given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $51.75.

Insiders Place Their Bets

In related news, EVP Myles Lambert sold 8,400 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the transaction, the executive vice president now owns 33,407 shares in the company, valued at $1,727,141.90. This represents a 20.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 sale, the executive vice president now directly owns 86,262 shares of the company's stock, valued at approximately $3,971,502.48. This represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

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.