Bogart Wealth LLC Sells 5,389 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Bogart Wealth LLC lessened its stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 204,940 shares of the company's stock after selling 5,389 shares during the period. Bogart Wealth LLC owned about 0.35% of Brighthouse Financial worth $11,884,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC boosted its position in shares of Brighthouse Financial by 15.0% during the 1st quarter. Signaturefd LLC now owns 3,138 shares of the company's stock valued at $182,000 after acquiring an additional 410 shares in the last quarter. Edgestream Partners L.P. bought a new position in Brighthouse Financial during the first quarter worth about $231,000. M&T Bank Corp boosted its holdings in Brighthouse Financial by 15.7% during the first quarter. M&T Bank Corp now owns 6,094 shares of the company's stock valued at $353,000 after purchasing an additional 825 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Brighthouse Financial in the 1st quarter valued at approximately $235,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Brighthouse Financial in the 1st quarter worth approximately $780,000. Institutional investors own 81.24% of the company's stock.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, 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 value of $178,530.00. Following the sale, the executive vice president directly owned 18,441 shares in the company, valued at approximately $1,097,423.91. The trade was a 13.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BHF has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their target price on Brighthouse Financial from $56.00 to $59.00 and gave the stock a "market perform" rating in a report on Tuesday, May 13th. Wall Street Zen lowered shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Piper Sandler reduced their target price on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating on the stock in a research report on Thursday, July 3rd. Raymond James Financial raised shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target for the company in a report on Tuesday, March 18th. Finally, UBS Group set a $72.00 price objective on Brighthouse Financial in a report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $60.30.

Brighthouse Financial Stock Up 0.7%

Shares of BHF traded up $0.34 on Monday, hitting $49.13. The company's stock had a trading volume of 681,092 shares, compared to its average volume of 849,485. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 5.89 and a beta of 0.88. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $64.12. The firm's fifty day moving average price is $57.09 and its 200-day moving average price is $55.43. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.59.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its 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 firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.29 billion. Brighthouse Financial had a return on equity of 25.60% and a net margin of 8.71%. Brighthouse Financial's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $4.25 EPS. On average, equities research analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Brighthouse Financial 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.