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

Charles Schwab Investment Management Inc. decreased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 362,674 shares of the company’s stock after selling 4,733 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.61% of Brighthouse Financial worth $17,423,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in Brighthouse Financial by 7.7% in the third quarter. Victory Capital Management Inc. now owns 32,354 shares of the company’s stock valued at $1,457,000 after purchasing an additional 2,327 shares in the last quarter. KBC Group NV grew its holdings in Brighthouse Financial by 30.2% in 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. Massachusetts Financial Services Co. MA increased its position in Brighthouse Financial by 5.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 42,291 shares of the company’s stock worth $1,904,000 after buying an additional 2,259 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Brighthouse Financial by 55.5% during the third quarter. Cerity Partners LLC now owns 15,690 shares of the company’s stock valued at $707,000 after buying an additional 5,601 shares during the period. Finally, Algert Global LLC increased its stake in Brighthouse Financial by 9.3% in the third quarter. Algert Global LLC now owns 222,504 shares of the company’s stock valued at $10,019,000 after purchasing an additional 19,022 shares during the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Stock Down 0.2 %

Shares of BHF opened at $57.98 on Friday. The firm has a market capitalization of $3.37 billion, a P/E ratio of 11.24 and a beta of 1.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The company has a 50-day simple moving average of $56.27 and a 200-day simple moving average of $50.65.

Brighthouse Financial (NASDAQ:BHF) last released 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 return on equity of 26.94% and a net margin of 8.21%. On average, equities research analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Insider Transactions at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 66,262 shares in the company, valued at approximately $4,041,982. This represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group set a $72.00 price objective on Brighthouse Financial in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price objective on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut 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. Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a research note on Monday, February 3rd. Finally, Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $52.00 to $85.00 in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.80.

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.