Russell Investments Group Ltd. Sells 8,920 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Russell Investments Group Ltd. lowered its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,789 shares of the company's stock after selling 8,920 shares during the quarter. Russell Investments Group Ltd. owned about 0.26% of Brighthouse Financial worth $7,484,000 at the end of the most recent reporting period.

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

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Insider Transactions at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the executive vice president now owns 66,262 shares in the company, valued at $4,041,982. This represents a 13.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Brighthouse Financial Trading Up 0.3 %

Shares of BHF stock traded up $0.16 on Tuesday, hitting $50.66. The company had a trading volume of 743,681 shares, compared to its average volume of 534,251. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $2.94 billion, a P/E ratio of 9.82 and a beta of 0.91. The stock's 50-day moving average is $56.30 and its two-hundred day moving average is $52.09.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating 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, equities research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BHF shares. Wells Fargo & Company reduced their price target on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research report on Tuesday, March 18th. Piper Sandler boosted their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Morgan Stanley dropped their price target on Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. reduced their price objective on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Brighthouse Financial presently has a consensus rating of "Hold" and a consensus target price of $62.00.

Brighthouse Financial 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.