Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 24.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 129,513 shares of the company's stock after selling 41,700 shares during the period. LSV Asset Management owned about 0.22% of Brighthouse Financial worth $6,222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. raised its stake in Brighthouse Financial by 2.7% in the 4th quarter. Xponance Inc. now owns 6,860 shares of the company's stock valued at $330,000 after purchasing an additional 181 shares during the last quarter. Pinnacle Holdings LLC grew its holdings in shares of Brighthouse Financial by 0.4% during the fourth quarter. Pinnacle Holdings LLC now owns 46,297 shares of the company's stock worth $2,224,000 after buying an additional 191 shares in the last quarter. Amalgamated Bank raised its position in shares of Brighthouse Financial by 0.8% in the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company's stock valued at $1,362,000 after buying an additional 227 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Brighthouse Financial by 0.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company's stock worth $3,501,000 after buying an additional 388 shares in the last quarter. Finally, Lecap Asset Management Ltd. boosted its position in Brighthouse Financial by 9.1% during the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock worth $251,000 after acquiring an additional 436 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP John Rosenthal sold 10,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 66,262 shares of the company's stock, valued at $4,041,982. This represents a 13.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Brighthouse Financial Trading Up 1.9 %

BHF stock traded up $0.93 during mid-day trading on Friday, hitting $50.65. 520,964 shares of the company were exchanged, compared to its average volume of 536,332. The business has a fifty day simple moving average of $55.77 and a 200-day simple moving average of $52.16. The firm has a market capitalization of $2.94 billion, a P/E ratio of 9.82 and a beta of 0.91. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $64.12. 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 earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, beating the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. On average, equities research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BHF has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Brighthouse Financial from $60.00 to $66.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. UBS Group set a $72.00 price objective on Brighthouse Financial in a research report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their target price on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating for the company in a report on Tuesday, January 7th. Barclays upgraded Brighthouse Financial from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $52.00 to $85.00 in a report on Wednesday, January 29th. Finally, Piper Sandler boosted their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.00.

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.