Mutual of America Capital Management LLC Sells 1,484 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Mutual of America Capital Management LLC cut its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,353 shares of the company’s stock after selling 1,484 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Brighthouse Financial worth $1,506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BHF. Proficio Capital Partners LLC bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $826,000. Amalgamated Bank lifted its stake in shares of Brighthouse Financial by 0.8% in the 4th quarter. Amalgamated Bank now owns 28,345 shares of the company’s stock valued at $1,362,000 after purchasing an additional 227 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Brighthouse Financial by 1.8% in the 4th quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company’s stock valued at $25,240,000 after purchasing an additional 9,500 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $1,748,000. Finally, Joel Isaacson & Co. LLC bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $643,000. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Trading Down 1.3 %

BHF opened at $54.21 on Friday. The stock’s fifty day moving average is $54.97 and its two-hundred day moving average is $50.05. The company has a market capitalization of $3.15 billion, a P/E ratio of 10.51 and a beta of 1.11. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, topping the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. Analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $52.00 to $85.00 in a report on Wednesday, January 29th. Jefferies Financial Group downgraded Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a report on Monday, February 3rd. Piper Sandler increased their price target on Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company upgraded Brighthouse Financial from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $41.00 to $59.00 in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.14.

Insider Activity

In other news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, the executive vice president now directly owns 66,262 shares in the company, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

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.