Russell Investments Group Ltd. Reduces Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Russell Investments Group Ltd. trimmed its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,789 shares of the company's stock after selling 8,920 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.26% of Brighthouse Financial worth $7,484,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Xponance Inc. lifted its position in Brighthouse Financial by 2.7% during the fourth quarter. Xponance Inc. now owns 6,860 shares of the company's stock valued at $330,000 after acquiring an additional 181 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Brighthouse Financial by 0.8% during the 4th quarter. Amalgamated Bank now owns 28,345 shares of the company's stock valued at $1,362,000 after purchasing an additional 227 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Brighthouse Financial by 0.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 72,872 shares of the company's stock worth $3,501,000 after purchasing an additional 388 shares in the last quarter. Lecap Asset Management Ltd. increased its position in Brighthouse Financial by 9.1% during the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock valued at $251,000 after buying an additional 436 shares in the last quarter. Finally, KBC Group NV raised its stake in Brighthouse Financial by 33.1% in the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock valued at $128,000 after buying an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Stock Performance

Shares of BHF stock traded up $0.93 on Friday, hitting $50.65. The company had a trading volume of 520,964 shares, compared to its average volume of 535,234. 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. The firm has a market cap of $2.94 billion, a P/E ratio of 9.82 and a beta of 0.91. The company has a 50-day moving average price of $55.93 and a 200-day moving average price of $52.11.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. As a group, equities research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BHF shares. JPMorgan Chase & Co. dropped their price target on Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 7th. UBS Group set a $72.00 price target on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods lifted their price objective on shares of Brighthouse Financial from $60.00 to $66.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th. Morgan Stanley dropped their price objective on shares of Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating on the stock in a report on Thursday, April 10th. Finally, Raymond James upgraded Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 target price for the company in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $62.00.

Insider Buying and Selling at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the completion of the sale, the executive vice president now directly owns 66,262 shares in the company, valued at approximately $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

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.