Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 47.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,872 shares of the company's stock after selling 55,858 shares during the quarter. Assenagon Asset Management S.A. owned 0.11% of Brighthouse Financial worth $3,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BHF. Ieq Capital LLC purchased a new position in shares of Brighthouse Financial in the fourth quarter worth $1,748,000. Bank of New York Mellon Corp raised its stake in Brighthouse Financial by 1.8% in the 4th quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company's stock worth $25,240,000 after acquiring an additional 9,500 shares during the last quarter. Amalgamated Bank raised its stake in Brighthouse Financial by 0.8% in the 4th quarter. Amalgamated Bank now owns 28,345 shares of the company's stock worth $1,362,000 after acquiring an additional 227 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Brighthouse Financial during the 4th quarter worth about $826,000. Finally, Victory Capital Management Inc. grew its stake in Brighthouse Financial by 2,632.8% during the 4th 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 during the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Brighthouse Financial

In other Brighthouse Financial news, EVP Vonda Huss sold 3,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $59.51, for a total transaction of $178,530.00. Following the completion of the sale, the executive vice president now directly owns 18,441 shares in the company, valued at approximately $1,097,423.91. The trade was a 13.99% decrease in their position. The transaction 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 Price Performance

Shares of Brighthouse Financial stock traded down $0.44 during trading hours on Tuesday, reaching $58.04. The stock had a trading volume of 548,296 shares, compared to its average volume of 585,910. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $3.33 billion, a PE ratio of 2.98 and a beta of 0.92. The stock's 50 day moving average is $56.54 and its 200 day moving average is $54.75.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued 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 business had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.29 billion. Brighthouse Financial had a return on equity of 25.60% and a net margin of 8.71%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.25 EPS. Equities analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BHF has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. UBS Group set a $72.00 price objective on shares of Brighthouse Financial in a report on Tuesday, March 18th. Raymond James Financial upgraded shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price objective on the stock in a research note on Tuesday, March 18th. Barclays upped their price target on shares of Brighthouse Financial from $75.00 to $76.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Tuesday, May 13th. Two 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's stock. Based on data from MarketBeat.com, Brighthouse Financial presently has an average rating of "Hold" and a consensus target price of $60.80.

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.