Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,322,255 shares of the company’s stock after selling 37,479 shares during the period. Dimensional Fund Advisors LP owned about 5.35% of Brighthouse Financial worth $143,988,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its position in Brighthouse Financial by 39.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 84,570 shares of the company’s stock valued at $4,359,000 after buying an additional 23,922 shares during the period. Algebris UK Ltd acquired a new position in Brighthouse Financial during the 1st quarter worth $6,938,000. Campbell & CO Investment Adviser LLC increased its holdings in Brighthouse Financial by 138.8% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 34,436 shares of the company’s stock worth $1,822,000 after purchasing an additional 20,015 shares during the period. Seven Eight Capital LP boosted its stake in shares of Brighthouse Financial by 342.1% in the 1st quarter. Seven Eight Capital LP now owns 28,063 shares of the company’s stock valued at $1,446,000 after buying an additional 21,716 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Brighthouse Financial during the first quarter worth about $2,278,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday, August 14th. JPMorgan Chase & Co. increased their target price on Brighthouse Financial from $58.00 to $59.00 and gave the company an “underweight” rating in a report on Tuesday, July 2nd. Barclays started coverage on Brighthouse Financial in a report on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price target for the company. Jefferies Financial Group increased their price objective on Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Evercore ISI decreased their target price on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.25.

Insider Buying and Selling at Brighthouse Financial

In other news, EVP John Rosenthal sold 5,000 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the executive vice president now owns 96,262 shares in the company, valued at $4,428,052. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP John Rosenthal sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the sale, the executive vice president now owns 96,262 shares in the company, valued at $4,428,052. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric T. Steigerwalt sold 25,000 shares of Brighthouse Financial stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.67, for a total transaction of $1,141,750.00. Following the completion of the transaction, the chief executive officer now owns 321,072 shares in the company, valued at $14,663,358.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,125 shares of company stock worth $1,895,248. 1.40% of the stock is owned by company insiders.

Brighthouse Financial Stock Down 0.7 %

Shares of NASDAQ BHF opened at $44.06 on Friday. The stock has a market cap of $2.74 billion, a PE ratio of -2.31 and a beta of 1.06. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $56.24. The business has a 50-day moving average price of $45.06 and a 200 day moving average price of $45.87. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.75.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.36 by $1.21. Brighthouse Financial had a negative net margin of 22.03% and a positive return on equity of 26.22%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the firm posted $4.13 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Brighthouse Financial, Inc. will post 18.16 earnings per share for the current year.

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.