Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 12.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 224,103 shares of the company's stock after selling 32,903 shares during the period. Russell Investments Group Ltd. owned 0.35% of Brighthouse Financial worth $11,860,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BHF. Lindbrook Capital LLC raised its position in shares of Brighthouse Financial by 412.3% during the fourth quarter. Lindbrook Capital LLC now owns 543 shares of the company's stock valued at $29,000 after buying an additional 437 shares during the last quarter. Blue Trust Inc. lifted its stake in Brighthouse Financial by 123.2% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the company's stock worth $36,000 after purchasing an additional 404 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Brighthouse Financial during the fourth quarter valued at about $60,000. Quent Capital LLC increased its holdings in shares of Brighthouse Financial by 23.0% in the fourth quarter. Quent Capital LLC now owns 2,046 shares of the company's stock worth $108,000 after purchasing an additional 382 shares during the last quarter. Finally, Bfsg LLC bought a new position in Brighthouse Financial during the fourth quarter valued at approximately $167,000. 81.24% of the stock is owned by institutional investors.

Insider Activity at Brighthouse Financial

In other Brighthouse Financial news, EVP Vonda Huss sold 10,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.85, for a total value of $468,500.00. Following the sale, the executive vice president now owns 27,080 shares in the company, valued at $1,268,698. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Brighthouse Financial news, EVP Vonda Huss sold 10,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.85, for a total value of $468,500.00. Following the sale, the executive vice president now owns 27,080 shares in the company, valued at $1,268,698. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.96, for a total value of $1,174,000.00. Following the completion of the sale, the chief executive officer now owns 390,765 shares in the company, valued at approximately $18,350,324.40. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Brighthouse Financial Trading Up 1.0 %

NASDAQ:BHF traded up $0.49 during midday trading on Friday, hitting $48.99. 622,198 shares of the company traded hands, compared to its average volume of 450,880. The firm's fifty day moving average is $48.44 and its 200-day moving average is $49.80. Brighthouse Financial, Inc. has a 12-month low of $39.24 and a 12-month high of $56.24. The firm has a market capitalization of $3.06 billion, a P/E ratio of -2.64 and a beta of 1.14. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $2.92 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.91). Brighthouse Financial had a negative net margin of 27.01% and a positive return on equity of 20.71%. The company had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $2.13 billion. During the same quarter in the previous year, the company posted $3.51 EPS. On average, sell-side analysts predict that Brighthouse Financial, Inc. will post 17.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Piper Sandler upped their price objective on Brighthouse Financial from $48.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Morgan Stanley lowered shares of Brighthouse Financial from an "equal weight" rating to an "underweight" rating and set a $52.00 price objective for the company. in a research report on Friday, February 23rd. Wells Fargo & Company boosted their target price on shares of Brighthouse Financial from $49.00 to $51.00 and gave the stock an "equal weight" rating in a report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $50.00 price target on shares of Brighthouse Financial in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, Brighthouse Financial currently has a consensus rating of "Hold" and an average price target of $51.14.

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.