Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 50.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,410 shares of the company's stock after selling 136,060 shares during the period. Royce & Associates LP owned 0.22% of Brighthouse Financial worth $5,917,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BHF. D. E. Shaw & Co. Inc. raised 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 last quarter. American Century Companies Inc. boosted its stake in shares of 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 raised its stake in shares of Brighthouse Financial by 278.0% during the second quarter. Millennium Management LLC now owns 280,270 shares of the company's stock valued at $12,147,000 after acquiring an additional 206,116 shares during the last quarter. Great Lakes Advisors LLC increased its position in shares of Brighthouse Financial by 3,362.1% during the second quarter. Great Lakes Advisors LLC now owns 158,149 shares of the company's stock valued at $6,854,000 after buying an additional 153,581 shares during the period. Finally, Algebris UK Ltd purchased a new stake in Brighthouse Financial in the first quarter worth $6,938,000. Institutional investors own 81.24% of the company's stock.

Insider Transactions at Brighthouse Financial

In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $45.67, for a total transaction of $1,141,750.00. Following the completion of the transaction, the chief executive officer now owns 321,072 shares in the company, valued at $14,663,358.24. The trade was a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Rosenthal sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $45.22, for a total transaction of $226,100.00. Following the completion of the transaction, the executive vice president now directly owns 91,262 shares of the company's stock, valued at $4,126,867.64. This trade represents a 5.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,265 shares of company stock valued at $1,564,211. Corporate insiders own 1.40% of the company's stock.

Brighthouse Financial Trading Up 0.2 %

Shares of BHF stock traded up $0.09 on Monday, hitting $51.06. The company had a trading volume of 383,147 shares, compared to its average volume of 429,691. The stock's 50-day moving average is $46.52 and its two-hundred day moving average is $45.48. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $56.24. The firm has a market cap of $3.03 billion, a P/E ratio of -2.51 and a beta of 1.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.92.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.50 by ($0.51). Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. The firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $2.21 billion. During the same period in the prior year, the business earned $4.18 earnings per share. On average, equities research analysts anticipate that Brighthouse Financial, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI decreased their target price on Brighthouse Financial from $56.00 to $52.00 and set an "in-line" rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group lifted their price objective on shares of Brighthouse Financial from $59.00 to $63.00 and gave the company a "buy" rating in a report on Monday, July 29th. Piper Sandler boosted their price target on shares of Brighthouse Financial from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods lowered their price target 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. Finally, Wells Fargo & Company upped their price objective 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 equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Brighthouse Financial presently has an average rating of "Hold" and an average target price of $50.63.

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.