Vonda Huss Sells 3,000 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF) Stock

Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $59.51, for a total transaction of $178,530.00. Following the completion of the sale, the executive vice president now directly owns 18,441 shares of the company's stock, valued at approximately $1,097,423.91. This trade represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Brighthouse Financial Price Performance

NASDAQ:BHF traded down $0.25 during trading hours on Thursday, hitting $57.83. 24,151 shares of the stock traded hands, compared to its average volume of 844,220. 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, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 11.21 and a beta of 0.96. The stock has a 50 day moving average price of $55.69 and a 200 day moving average price of $54.35.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.55). The company had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.29 billion. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. Brighthouse Financial's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $4.25 EPS. Sell-side analysts forecast that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BHF. Versant Capital Management Inc lifted its position in shares of Brighthouse Financial by 188.0% in the 1st quarter. Versant Capital Management Inc now owns 622 shares of the company's stock worth $36,000 after purchasing an additional 406 shares during the period. Aster Capital Management DIFC Ltd lifted its position in shares of Brighthouse Financial by 327.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after purchasing an additional 703 shares during the period. Brooklyn Investment Group lifted its position in shares of Brighthouse Financial by 42.0% in the 1st quarter. Brooklyn Investment Group now owns 764 shares of the company's stock worth $44,000 after purchasing an additional 226 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Brighthouse Financial by 835.2% in the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company's stock worth $48,000 after purchasing an additional 735 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Brighthouse Financial by 101.7% in the 1st quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock valued at $70,000 after buying an additional 605 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BHF. Wells Fargo & Company cut their price target on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Piper Sandler boosted their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Barclays boosted their price target on shares of Brighthouse Financial from $75.00 to $76.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Morgan Stanley boosted their price target on shares of Brighthouse Financial from $41.00 to $45.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Finally, UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $60.80.

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.