Brighthouse Financial, Inc. (NASDAQ:BHF) CFO Edward A. Spehar Sells 7,125 Shares

Brighthouse Financial, Inc. (NASDAQ:BHF) CFO Edward A. Spehar sold 7,125 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $41.74, for a total value of $297,397.50. Following the completion of the sale, the chief financial officer now directly owns 37,640 shares of the company’s stock, valued at approximately $1,571,093.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Brighthouse Financial Stock Performance

Shares of BHF traded up $0.83 during mid-day trading on Thursday, hitting $42.17. The company’s stock had a trading volume of 364,618 shares, compared to its average volume of 452,768. Brighthouse Financial, Inc. has a one year low of $40.24 and a one year high of $56.24. 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 $2.62 billion, a PE ratio of -2.17 and a beta of 1.08. The stock’s 50-day moving average is $44.80 and its two-hundred day moving average is $46.88.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $5.57 earnings per share for the quarter, beating the consensus estimate of $4.36 by $1.21. Brighthouse Financial had a positive return on equity of 23.49% and a negative net margin of 38.05%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the business earned $4.13 earnings per share. Brighthouse Financial’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Brighthouse Financial, Inc. will post 15.01 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BHF. Norges Bank acquired a new position in shares of Brighthouse Financial in the fourth quarter valued at $33,362,000. D. E. Shaw & Co. Inc. raised its stake in shares of Brighthouse Financial by 75.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 623,607 shares of the company’s stock valued at $27,027,000 after purchasing an additional 269,062 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Brighthouse Financial by 21.9% in the second quarter. American Century Companies Inc. now owns 1,273,882 shares of the company’s stock valued at $55,210,000 after purchasing an additional 228,814 shares in the last quarter. Millennium Management LLC raised its stake in Brighthouse Financial by 278.0% during the second quarter. Millennium Management LLC now owns 280,270 shares of the company’s stock worth $12,147,000 after acquiring an additional 206,116 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its stake in Brighthouse Financial by 3,362.1% during the second quarter. Great Lakes Advisors LLC now owns 158,149 shares of the company’s stock worth $6,854,000 after acquiring an additional 153,581 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group boosted their price target on Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Piper Sandler lowered their price target on Brighthouse Financial from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Wells Fargo & Company cut Brighthouse Financial from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $51.00 to $40.00 in a research report on Monday. JPMorgan Chase & Co. upped their target price on Brighthouse Financial from $58.00 to $59.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 2nd. Finally, Evercore ISI decreased their target price on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Brighthouse Financial currently has an average rating of “Hold” and a consensus price target of $50.00.

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.