Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC cut its stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,408 shares of the company's stock after selling 36,105 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.56% of Brighthouse Financial worth $15,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BHF. Aster Capital Management DIFC Ltd raised its holdings in shares of Brighthouse Financial by 327.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock valued at $44,000 after acquiring an additional 703 shares during the last quarter. Siemens Fonds Invest GmbH purchased a new stake in shares of Brighthouse Financial during the fourth quarter worth approximately $94,000. KBC Group NV raised its stake in Brighthouse Financial by 33.1% in the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock valued at $128,000 after purchasing an additional 663 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in Brighthouse Financial in the 4th quarter valued at $217,000. Finally, Guggenheim Capital LLC purchased a new position in Brighthouse Financial in the 4th quarter valued at $227,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Trading Down 3.1%

Shares of BHF traded down $1.87 during trading on Wednesday, reaching $58.92. 489,950 shares of the company traded hands, compared to its average volume of 577,220. The stock has a 50-day simple moving average of $55.66 and a 200-day simple moving average of $54.06. The stock has a market cap of $3.38 billion, a PE ratio of 11.42 and a beta of 0.96. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. 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 (NASDAQ:BHF - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $4.17 earnings per share 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 company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the business posted $4.25 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a report on Tuesday, March 18th. Morgan Stanley increased their price objective on shares of Brighthouse Financial from $41.00 to $45.00 and gave the company an "underweight" rating in a report on Monday, May 19th. Barclays upped their price target on Brighthouse Financial from $75.00 to $76.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Piper Sandler raised their target price on Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group cut shares of Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target on the stock. in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.