Barclays PLC Cuts Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Barclays PLC lessened its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 50.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,429 shares of the company’s stock after selling 33,503 shares during the period. Barclays PLC owned about 0.06% of Brighthouse Financial worth $1,506,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock valued at $28,000 after purchasing an additional 565 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Brighthouse Financial by 989.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock valued at $28,000 after purchasing an additional 564 shares in the last quarter. CWM LLC grew its holdings in Brighthouse Financial by 29.4% during the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after purchasing an additional 339 shares in the last quarter. GAMMA Investing LLC grew its holdings in Brighthouse Financial by 97.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock valued at $78,000 after purchasing an additional 855 shares in the last quarter. Finally, Quarry LP acquired a new stake in Brighthouse Financial during the 2nd quarter valued at $89,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

BHF has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Brighthouse Financial from $48.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, December 16th. Wells Fargo & Company raised their price target on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Finally, Piper Sandler decreased their price objective on shares of Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $51.38.

Insider Activity

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 value 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. This trade represents a 20.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

Brighthouse Financial Trading Down 4.2 %

NASDAQ BHF opened at $45.74 on Monday. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $54.73. The company has a 50-day simple moving average of $49.67 and a 200-day simple moving average of $46.92. 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 firm has a market capitalization of $2.71 billion, a PE ratio of -2.25 and a beta of 1.08.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the firm posted $4.18 earnings per share. On average, equities analysts forecast that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current year.

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.