Trexquant Investment LP Cuts Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Trexquant Investment LP decreased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 63.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,664 shares of the company's stock after selling 57,293 shares during the period. Trexquant Investment LP owned approximately 0.06% of Brighthouse Financial worth $1,617,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Xponance Inc. boosted its holdings in Brighthouse Financial by 2.7% during the 4th quarter. Xponance Inc. now owns 6,860 shares of the company's stock worth $330,000 after acquiring an additional 181 shares during the last quarter. Amalgamated Bank lifted its position in shares of Brighthouse Financial by 0.8% during the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company's stock valued at $1,362,000 after purchasing an additional 227 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Brighthouse Financial by 0.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company's stock worth $3,501,000 after purchasing an additional 388 shares during the last quarter. Lecap Asset Management Ltd. grew its position in Brighthouse Financial by 9.1% in 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 in the last quarter. Finally, KBC Group NV increased its stake in Brighthouse Financial by 33.1% in the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock valued at $128,000 after buying an additional 663 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

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Brighthouse Financial Stock Performance

Shares of BHF stock traded up $1.17 during trading on Tuesday, reaching $51.67. 148,716 shares of the company's stock traded hands, compared to its average volume of 531,097. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The company has a market capitalization of $3.00 billion, a P/E ratio of 10.01 and a beta of 0.91. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63. The firm's 50-day moving average is $56.48 and its 200 day moving average is $52.10.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 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%. Equities research analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,262 shares of the company's stock, valued at $4,041,982. This trade 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 this link. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BHF has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 target price on the stock. in a research note on Monday, February 3rd. Barclays raised Brighthouse Financial from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. Piper Sandler raised their target price on Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. cut their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating on the stock in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Brighthouse Financial from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Brighthouse Financial currently has an average rating of "Hold" and a consensus price target 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.