UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 20,997 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 181,579 shares of the company's stock after selling 20,997 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of Brighthouse Financial worth $8,177,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Venturi Wealth Management LLC raised its holdings in shares of Brighthouse Financial by 989.5% in the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company's stock valued at $28,000 after buying an additional 564 shares during the last quarter. UMB Bank n.a. increased its position in Brighthouse Financial by 974.1% in the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company's stock valued at $28,000 after acquiring an additional 565 shares in the last quarter. CWM LLC raised its stake in shares of Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company's stock worth $67,000 after acquiring an additional 339 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Brighthouse Financial by 97.8% during the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company's stock worth $78,000 after purchasing an additional 855 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Brighthouse Financial by 30.2% during the third quarter. KBC Group NV now owns 2,001 shares of the company's stock valued at $90,000 after purchasing an additional 464 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Insider Buying and Selling at Brighthouse Financial

In related news, EVP John Rosenthal sold 4,265 shares of the company's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $46.04, for a total value of $196,360.60. Following the completion of the transaction, the executive vice president now directly owns 86,262 shares in the company, valued at approximately $3,971,502.48. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Myles Lambert sold 8,400 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the transaction, the executive vice president now owns 33,407 shares in the company, valued at $1,727,141.90. The trade was a 20.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price 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. Barclays started coverage on shares of Brighthouse Financial in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $48.00 target price for the company. Wells Fargo & Company raised their price target on Brighthouse Financial from $40.00 to $41.00 and gave the stock an "underweight" rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on Brighthouse Financial from $47.00 to $43.00 and set a "market perform" rating for the company in a report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $50.63.

Brighthouse Financial Stock Down 3.3 %

Shares of BHF traded down $1.65 during trading hours on Tuesday, hitting $48.45. The stock had a trading volume of 344,672 shares, compared to its average volume of 423,358. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $56.24. The firm has a market capitalization of $2.88 billion, a P/E ratio of -2.38 and a beta of 1.06. The firm has a 50 day simple moving average of $49.20 and a 200-day simple moving average of $46.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly 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 negative net margin of 24.40% and a positive return on equity of 23.54%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the firm posted $4.18 EPS. Sell-side analysts predict that Brighthouse Financial, Inc. will post 18.47 EPS for the current fiscal year.

About Brighthouse Financial

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.