Royce & Associates LP cut its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 25.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,360 shares of the company's stock after selling 34,050 shares during the quarter. Royce & Associates LP owned approximately 0.16% of Brighthouse Financial worth $4,677,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its holdings in Brighthouse Financial by 30.2% during the 3rd quarter. KBC Group NV now owns 2,001 shares of the company's stock worth $90,000 after purchasing an additional 464 shares during the last quarter. Lecap Asset Management Ltd. increased its holdings in Brighthouse Financial by 9.1% during 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 during the last quarter. Institute for Wealth Management LLC. bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $287,000. SG Americas Securities LLC bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $312,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $384,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, EVP John Rosenthal sold 10,000 shares of the business's 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by insiders.
Brighthouse Financial Price Performance
NASDAQ:BHF remained flat at $57.98 during midday trading on Friday. The company had a trading volume of 865,764 shares, compared to its average volume of 481,643. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 11.24 and a beta of 1.11. 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 firm has a fifty day moving average of $56.52 and a two-hundred day moving average of $50.77.
Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its quarterly 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 return on equity of 26.94% and a net margin of 8.21%. On average, equities research analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. UBS Group set a $72.00 price target on Brighthouse Financial in a report on Tuesday, March 18th. Keefe, Bruyette & Woods boosted their price target on Brighthouse Financial from $60.00 to $66.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th. Piper Sandler boosted their price target on Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Raymond James upgraded Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target for the company in a report on Tuesday, March 18th. Finally, Barclays upgraded Brighthouse Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $52.00 to $85.00 in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $63.80.
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About Brighthouse Financial
(
Free Report)
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.
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