Bogart Wealth LLC Decreases Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Bogart Wealth LLC reduced its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 2.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. 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 institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its holdings in Brighthouse Financial by 187.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company's stock worth $87,585,000 after buying an additional 1,188,685 shares during the period. Norges Bank bought a new position in Brighthouse Financial in the 4th quarter worth approximately $37,131,000. AQR Capital Management LLC boosted its holdings in Brighthouse Financial by 156.9% in the 4th quarter. AQR Capital Management LLC now owns 656,464 shares of the company's stock worth $31,537,000 after buying an additional 400,924 shares during the period. American Century Companies Inc. boosted its holdings in 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 buying an additional 181,980 shares during the period. Finally, Bridgewater Associates LP boosted its holdings in Brighthouse Financial by 198.6% in the 4th quarter. Bridgewater Associates LP now owns 209,523 shares of the company's stock worth $10,065,000 after buying an additional 139,356 shares during the period. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Trading Up 1.6%

Shares of BHF traded up $0.82 during trading hours on Thursday, reaching $51.09. 824,541 shares of the company traded hands, compared to its average volume of 636,907. The company's fifty day moving average price is $56.42 and its two-hundred day moving average price is $55.36. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 6.13 and a beta of 0.88. 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, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.55). Brighthouse Financial had a return on equity of 25.60% and a net margin of 8.71%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the firm earned $4.25 EPS. The company's revenue was up 6.1% on a year-over-year basis. Equities research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on BHF. Morgan Stanley cut their price objective on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating for the company in a report on Monday. Piper Sandler cut their price target on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, July 3rd. Wall Street Zen downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Keefe, Bruyette & Woods raised their price target on shares of Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $60.30.

Insider Buying and Selling

In other Brighthouse Financial news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $59.51, for a total value of $178,530.00. Following the completion of the transaction, the executive vice president directly owned 18,441 shares of the company's stock, valued at approximately $1,097,423.91. The trade was a 13.99% decrease in their ownership of the stock. 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 insiders.

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.