Marshall Wace LLP Sells 81,285 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Marshall Wace LLP reduced its stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 60.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,070 shares of the company's stock after selling 81,285 shares during the period. Marshall Wace LLP owned 0.09% of Brighthouse Financial worth $2,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BHF. EntryPoint Capital LLC acquired a new stake in shares of Brighthouse Financial in the 1st quarter worth about $110,000. Central Pacific Bank Trust Division bought a new stake in shares of Brighthouse Financial during the first quarter valued at approximately $169,000. EMC Capital Management boosted its position in shares of Brighthouse Financial by 216.0% during the first quarter. EMC Capital Management now owns 3,776 shares of the company's stock worth $195,000 after buying an additional 2,581 shares during the period. Privium Fund Management B.V. boosted its position in shares of Brighthouse Financial by 16.9% during the first quarter. Privium Fund Management B.V. now owns 5,712 shares of the company's stock worth $294,000 after buying an additional 825 shares during the period. Finally, Innealta Capital LLC bought a new position in Brighthouse Financial in the 1st quarter worth approximately $294,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays started coverage on Brighthouse Financial in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $48.00 price target for the company. Keefe, Bruyette & Woods reduced their price objective on shares of Brighthouse Financial from $47.00 to $43.00 and set a "market perform" rating for the company in a report on Wednesday, August 14th. Wells Fargo & Company cut shares of Brighthouse Financial from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $51.00 to $40.00 in a research note on Monday, August 12th. Evercore ISI reduced their price target on shares of Brighthouse Financial from $56.00 to $52.00 and set an "in-line" rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Brighthouse Financial from $58.00 to $59.00 and gave the company an "underweight" rating in a report on Tuesday, July 2nd. 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. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $50.50.

Brighthouse Financial Stock Up 4.0 %

Shares of BHF traded up $1.75 during mid-day trading on Friday, reaching $45.69. The company's stock had a trading volume of 386,903 shares, compared to its average volume of 432,857. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $56.24. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.75. The company has a market cap of $2.84 billion, a price-to-earnings ratio of -2.40 and a beta of 1.06. The business has a fifty day moving average of $44.23 and a 200 day moving average of $45.70.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $5.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.36 by $1.21. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a positive return on equity of 26.22% and a negative net margin of 22.03%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.13 EPS. As a group, analysts forecast that Brighthouse Financial, Inc. will post 18.16 earnings per share for the current fiscal year.

Insider Activity

In other Brighthouse Financial news, EVP John Rosenthal sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $45.22, for a total value of $226,100.00. Following the transaction, the executive vice president now directly owns 91,262 shares of the company's stock, valued at $4,126,867.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Brighthouse Financial news, EVP John Rosenthal sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $45.22, for a total value of $226,100.00. Following the completion of the sale, the executive vice president now directly owns 91,262 shares of the company's stock, valued at $4,126,867.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Edward A. Spehar sold 7,125 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $41.74, for a total transaction of $297,397.50. Following the transaction, the chief financial officer now owns 37,640 shares in the company, valued at approximately $1,571,093.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,125 shares of company stock worth $1,895,248 in the last ninety days. 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.