Squarepoint Ops LLC Sells 81,192 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Squarepoint Ops LLC decreased its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 71.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,238 shares of the company's stock after selling 81,192 shares during the period. Squarepoint Ops LLC owned approximately 0.05% of Brighthouse Financial worth $1,549,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BHF. Canada Pension Plan Investment Board grew its position in shares of Brighthouse Financial by 187.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company's stock valued at $87,585,000 after purchasing an additional 1,188,685 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Brighthouse Financial by 2,632.8% during the fourth 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 in the last quarter. Norges Bank purchased a new position in shares of Brighthouse Financial during the fourth quarter valued at about $37,131,000. AQR Capital Management LLC grew its position in shares of Brighthouse Financial by 156.9% during the fourth quarter. AQR Capital Management LLC now owns 656,464 shares of the company's stock valued at $31,537,000 after purchasing an additional 400,924 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Brighthouse Financial by 12.1% during the fourth quarter. American Century Companies Inc. now owns 1,682,076 shares of the company's stock valued at $80,807,000 after purchasing an additional 181,980 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Trading Down 0.0%

Shares of NASDAQ:BHF traded down $0.01 during trading hours on Tuesday, hitting $59.12. 472,924 shares of the company's stock traded hands, compared to its average volume of 583,728. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The business has a fifty day moving average price of $55.68 and a 200-day moving average price of $54.32. The firm has a market capitalization of $3.39 billion, a P/E ratio of 11.46 and a beta of 0.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $4.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.55). Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The business had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter last year, the firm earned $4.25 EPS. The firm's quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BHF shares. UBS Group set a $72.00 price objective on Brighthouse Financial in a research report on Tuesday, March 18th. Morgan Stanley lifted their price target on Brighthouse Financial from $41.00 to $45.00 and gave the stock an "underweight" rating in a research report on Monday, May 19th. 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. Keefe, Bruyette & Woods lifted their price target on Brighthouse Financial from $56.00 to $59.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 13th. Finally, Jefferies Financial Group lowered Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target for the company. in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.80.

Insider Buying and Selling at Brighthouse Financial

In related 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 value of $178,530.00. Following the completion of the sale, the executive vice president now owns 18,441 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company's stock.

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.