Stifel Financial Corp Has $683,000 Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Stifel Financial Corp trimmed its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,173 shares of the company’s stock after selling 646 shares during the quarter. Stifel Financial Corp’s holdings in Brighthouse Financial were worth $683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHF. UMB Bank n.a. boosted its stake in Brighthouse Financial by 974.1% during the third quarter. UMB Bank n.a. now owns 623 shares of the company’s stock worth $28,000 after acquiring an additional 565 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Brighthouse Financial by 989.5% during the third 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. CWM LLC boosted its position in shares of Brighthouse Financial by 29.4% during the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after purchasing an additional 339 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Brighthouse Financial by 97.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock valued at $78,000 after buying an additional 855 shares during the period. Finally, Quarry LP bought a new stake in Brighthouse Financial in the 2nd quarter valued at about $89,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on BHF. Barclays increased their price target on Brighthouse Financial from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Wells Fargo & Company increased their target price on Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Finally, Piper Sandler decreased their price target on shares of Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.75.

Brighthouse Financial Stock Up 1.2 %

BHF opened at $48.65 on Thursday. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $54.73. The firm has a market capitalization of $2.89 billion, a P/E ratio of -2.39 and a beta of 1.06. The company’s 50-day moving average is $49.78 and its 200 day moving average is $46.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data 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 firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter last year, the business posted $4.18 EPS. Research analysts expect that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $46.04, for a total value of $196,360.60. Following the transaction, the executive vice president now directly owns 86,262 shares in the company, valued at $3,971,502.48. The trade was a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Myles Lambert sold 8,400 shares of the 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 directly owns 33,407 shares of the company’s stock, valued at $1,727,141.90. This represents a 20.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

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.