Man Group plc Cuts Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Man Group plc decreased its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,491 shares of the company's stock after selling 47,613 shares during the quarter. Man Group plc owned 0.22% of Brighthouse Financial worth $6,317,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Institute for Wealth Management LLC. purchased a new position in shares of Brighthouse Financial in the 4th quarter valued at about $287,000. Bank of New York Mellon Corp increased its stake in Brighthouse Financial by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company's stock valued at $25,240,000 after purchasing an additional 9,500 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Brighthouse Financial during the fourth quarter worth approximately $384,000. SG Americas Securities LLC purchased a new stake in shares of Brighthouse Financial during the 4th quarter worth approximately $312,000. Finally, Alliancebernstein L.P. lifted its position in shares of Brighthouse Financial by 41.5% during the 4th quarter. Alliancebernstein L.P. now owns 114,984 shares of the company's stock worth $5,524,000 after buying an additional 33,716 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Stock Performance

NASDAQ:BHF traded down $0.86 during midday trading on Monday, reaching $57.91. The stock had a trading volume of 780,144 shares, compared to its average volume of 576,697. The stock has a market cap of $3.32 billion, a P/E ratio of 11.22 and a beta of 0.96. The firm has a fifty day simple moving average of $55.60 and a two-hundred day simple moving average of $53.96. 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, 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 announced its quarterly earnings data on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing analysts' consensus estimates of $4.72 by ($0.55). Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the business earned $4.25 EPS. Brighthouse Financial's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BHF shares. Morgan Stanley raised their price objective on Brighthouse Financial from $41.00 to $45.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Jefferies Financial Group downgraded Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target on the stock. in a research note on Monday, February 3rd. Piper Sandler lifted their price target on Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Barclays increased their price objective on Brighthouse Financial from $75.00 to $76.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company lowered their target price on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Two equities research 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 data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $60.80.

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.