Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lessened its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 27.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 199,850 shares of the company's stock after selling 77,418 shares during the quarter. Marshall Wace LLP owned approximately 0.34% of Brighthouse Financial worth $9,601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BHF. Victory Capital Management Inc. lifted its stake 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 worth $42,475,000 after acquiring an additional 851,808 shares during the period. Norges Bank purchased a new stake in shares of Brighthouse Financial in the 4th quarter worth approximately $37,131,000. American Century Companies Inc. lifted its position in shares of Brighthouse Financial by 12.1% in the 4th quarter. American Century Companies Inc. now owns 1,682,076 shares of the company's stock worth $80,807,000 after purchasing an additional 181,980 shares during the period. Bridgewater Associates LP boosted its stake in shares of Brighthouse Financial by 198.6% during the fourth quarter. Bridgewater Associates LP now owns 209,523 shares of the company's stock valued at $10,065,000 after purchasing an additional 139,356 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Brighthouse Financial by 49.4% during the fourth quarter. Invesco Ltd. now owns 286,726 shares of the company's stock valued at $13,774,000 after buying an additional 94,801 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Stock Performance

BHF traded up $0.81 during midday trading on Friday, hitting $54.67. 621,523 shares of the company were exchanged, compared to its average volume of 540,713. The company's 50 day simple moving average is $54.92 and its 200 day simple moving average is $52.52. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 10.59 and a beta of 0.91. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $64.12. The company has a current ratio of 0.93, a quick ratio of 0.92 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 EPS for the quarter, topping the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. As a group, sell-side analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Jefferies Financial Group cut Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 target price on the stock. in a research report on Monday, February 3rd. Morgan Stanley dropped their price objective on Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company reduced their target price on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Piper Sandler increased 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Brighthouse Financial currently has an average rating of "Hold" and a consensus target price of $62.00.

Insider Activity

In related news, EVP John Rosenthal sold 10,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the transaction, the executive vice president now owns 66,262 shares of the company's stock, valued at approximately $4,041,982. This represents a 13.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

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.