Yousif Capital Management LLC Sells 1,445 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Yousif Capital Management LLC trimmed its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 6.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,971 shares of the company’s stock after selling 1,445 shares during the quarter. Yousif Capital Management LLC’s holdings in Brighthouse Financial were worth $1,007,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE raised its holdings in Brighthouse Financial by 0.9% during the 3rd quarter. US Bancorp DE now owns 35,755 shares of the company’s stock valued at $1,610,000 after buying an additional 319 shares during the last quarter. CWM LLC raised 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 buying an additional 339 shares during the last quarter. Creative Planning raised its holdings in Brighthouse Financial by 5.7% during the 3rd quarter. Creative Planning now owns 7,843 shares of the company’s stock valued at $353,000 after buying an additional 420 shares during the last quarter. KBC Group NV increased its position in Brighthouse Financial by 30.2% during the 3rd 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 period. Finally, Venturi Wealth Management LLC increased its position 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 during the period. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Stock Up 5.8 %

NASDAQ:BHF opened at $62.14 on Friday. The firm has a 50-day simple moving average of $51.84 and a two-hundred day simple moving average of $48.49. 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 cap of $3.69 billion, a P/E ratio of -3.06 and a beta of 1.10. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.00.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $1.32. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. Analysts predict that Brighthouse Financial, Inc. will post 18.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Brighthouse Financial news, EVP Myles Lambert sold 8,400 shares of Brighthouse Financial 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 of the company’s stock, 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 10,000 shares of Brighthouse Financial stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, the executive vice president now directly owns 66,262 shares in the company, valued at $4,041,982. This represents a 13.11 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BHF has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their price objective on shares of Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Barclays raised shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their target price on shares of Brighthouse Financial from $48.00 to $60.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Finally, Piper Sandler upped their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $58.75.

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.