Dimensional Fund Advisors LP Decreases Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Dimensional Fund Advisors LP lessened its stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,415,013 shares of the company's stock after selling 37,355 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.32% of Brighthouse Financial worth $180,725,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Brighthouse Financial by 21.8% during the 3rd quarter. American Century Companies Inc. now owns 667,411 shares of the company's stock worth $32,663,000 after purchasing an additional 119,345 shares during the period. Richard Bernstein Advisors LLC bought a new stake in Brighthouse Financial in the third quarter worth about $2,819,000. Lazard Asset Management LLC grew its position in shares of Brighthouse Financial by 80.5% during the 3rd quarter. Lazard Asset Management LLC now owns 315,763 shares of the company's stock valued at $15,452,000 after acquiring an additional 140,796 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Brighthouse Financial by 94.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 82,620 shares of the company's stock worth $4,043,000 after purchasing an additional 40,194 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Brighthouse Financial in the third quarter worth about $1,165,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

Insider Transactions at Brighthouse Financial

In other Brighthouse Financial news, EVP Vonda Huss sold 10,000 shares of the business's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the transaction, the executive vice president now owns 27,080 shares in the company, valued at $1,268,698. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Vonda Huss sold 10,000 shares of Brighthouse Financial stock in a transaction on Monday, February 26th. The shares were 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the completion of the transaction, the chief executive officer now owns 390,765 shares of the company's stock, valued at $18,350,324.40. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Brighthouse Financial from $51.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Friday, May 10th. Piper Sandler decreased their target price on Brighthouse Financial from $55.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, May 10th. Morgan Stanley lowered Brighthouse Financial from an "equal weight" rating to an "underweight" rating and set a $52.00 price objective for the company. in a report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $50.00 target price on shares of Brighthouse Financial in a research note on Friday, February 16th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Brighthouse Financial currently has a consensus rating of "Hold" and an average target price of $50.29.

Brighthouse Financial Trading Up 1.2 %

NASDAQ:BHF traded up $0.57 during trading hours on Thursday, reaching $46.22. The company's stock had a trading volume of 459,902 shares, compared to its average volume of 464,083. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of -2.40 and a beta of 1.14. The firm has a 50-day simple moving average of $48.57 and a 200-day simple moving average of $49.87. Brighthouse Financial, Inc. has a 1 year low of $39.62 and a 1 year high of $56.24.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $4.25 earnings per share for the quarter, beating analysts' consensus estimates of $3.96 by $0.29. Brighthouse Financial had a positive return on equity of 23.49% and a negative net margin of 38.05%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company posted $2.86 EPS. Brighthouse Financial's revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts expect that Brighthouse Financial, Inc. will post 17.49 EPS for the current fiscal year.

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.