Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. trimmed its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 50.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,171 shares of the company's stock after selling 279,718 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.46% of Brighthouse Financial worth $13,219,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BHF. Canada Pension Plan Investment Board boosted its position in shares of Brighthouse Financial by 187.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company's stock worth $87,585,000 after acquiring an additional 1,188,685 shares in the last quarter. American Century Companies Inc. boosted its holdings in Brighthouse Financial by 12.1% in the fourth quarter. American Century Companies Inc. now owns 1,682,076 shares of the company's stock valued at $80,807,000 after purchasing an additional 181,980 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Brighthouse Financial by 2,632.8% in the fourth quarter. Victory Capital Management Inc. now owns 884,162 shares of the company's stock valued at $42,475,000 after purchasing an additional 851,808 shares in the last quarter. Norges Bank purchased a new position in Brighthouse Financial in the fourth quarter valued at approximately $37,131,000. Finally, Northern Trust Corp raised its holdings in Brighthouse Financial by 4.1% during the fourth quarter. Northern Trust Corp now owns 678,920 shares of the company's stock worth $32,615,000 after purchasing an additional 26,813 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Stock Up 0.6%

Shares of NASDAQ BHF opened at $59.78 on Wednesday. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 11.59 and a beta of 0.96. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The firm has a 50-day moving average price of $54.76 and a 200 day moving average price of $53.32. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $4.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.72 by ($0.55). The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.29 billion. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. Brighthouse Financial's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.25 earnings per share. Equities research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BHF has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley reduced their price target on shares of Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. UBS Group set a $72.00 price target on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Piper Sandler lifted their price objective on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Brighthouse Financial from $56.00 to $59.00 and gave the stock a "market perform" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Brighthouse Financial presently has a consensus rating of "Hold" and an average price target of $60.40.

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.

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