Insider Selling: Brighthouse Financial, Inc. (NASDAQ:BHF) EVP Sells $610,000.00 in Stock

Brighthouse Financial, Inc. (NASDAQ:BHF) EVP John Rosenthal sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 66,262 shares of the company’s stock, valued at $4,041,982. This represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Brighthouse Financial Price Performance

BHF stock opened at $59.50 on Thursday. The company has a market capitalization of $3.53 billion, a PE ratio of -2.93 and a beta of 1.10. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.56. The business’s fifty day moving average price is $50.74 and its 200 day moving average price is $47.95. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $64.00.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.51). The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. During the same period in the previous year, the company earned $4.18 earnings per share. On average, sell-side analysts anticipate that Brighthouse Financial, Inc. will post 18.2 EPS for the current year.

Institutional Trading of Brighthouse Financial

Several hedge funds have recently modified their holdings of the stock. Millennium Management LLC increased its holdings in Brighthouse Financial by 278.0% during the 2nd quarter. Millennium Management LLC now owns 280,270 shares of the company’s stock worth $12,147,000 after purchasing an additional 206,116 shares during the period. Truist Financial Corp grew its position in shares of Brighthouse Financial by 20.0% during the second quarter. Truist Financial Corp now owns 7,578 shares of the company’s stock worth $328,000 after buying an additional 1,262 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Brighthouse Financial by 97.8% during the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock worth $78,000 after buying an additional 855 shares during the period. CWM LLC raised its holdings in Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after acquiring an additional 339 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Brighthouse Financial by 974.1% in the third quarter. UMB Bank n.a. now owns 623 shares of the company’s stock worth $28,000 after acquiring an additional 565 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BHF shares. Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research note on Monday. Wells Fargo & Company dropped their target price on Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Barclays raised shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $52.00 to $85.00 in a report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on shares of Brighthouse Financial from $48.00 to $60.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $57.75.

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.