Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 0.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,407 shares of the company’s stock after selling 512 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.60% of Brighthouse Financial worth $16,544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in BHF. UMB Bank n.a. grew its position in shares of Brighthouse Financial by 974.1% during the third quarter. UMB Bank n.a. now owns 623 shares of the company’s stock worth $28,000 after buying an additional 565 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Brighthouse Financial by 989.5% during the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock worth $28,000 after buying an additional 564 shares in the last quarter. CWM LLC grew its position in shares of Brighthouse Financial by 29.4% during the third quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after buying an additional 339 shares in the last quarter. GAMMA Investing LLC grew 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 buying an additional 855 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Brighthouse Financial during the second quarter worth approximately $89,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Insider Buying and Selling at Brighthouse Financial

In related news, EVP Myles Lambert sold 8,400 shares of Brighthouse Financial stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the sale, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Rosenthal sold 4,265 shares of Brighthouse Financial stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $46.04, for a total transaction of $196,360.60. Following the sale, the executive vice president now owns 86,262 shares in the company, valued at approximately $3,971,502.48. This represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Brighthouse Financial Stock Performance

BHF stock opened at $51.04 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -2.51 and a beta of 1.06. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $56.24. The stock’s fifty day moving average is $49.01 and its two-hundred day moving average is $45.97.

Brighthouse Financial (NASDAQ:BHF) last posted 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). The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. During the same quarter in the previous year, the business posted $4.18 earnings per share. On average, research analysts predict that Brighthouse Financial, Inc. will post 18.47 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target 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. Keefe, Bruyette & Woods reduced their price objective on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 14th. Piper Sandler raised their price objective on Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Barclays initiated coverage on Brighthouse Financial in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price objective on the stock. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.63.

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.