Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 5.5% during the fourth quarter, HoldingsChannel reports. The firm owned 27,231 shares of the company’s stock after selling 1,575 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Brighthouse Financial were worth $1,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC boosted its position in Brighthouse Financial by 5.6% in the 2nd quarter. Cerity Partners LLC now owns 4,992 shares of the company’s stock valued at $236,000 after buying an additional 263 shares during the last quarter. Captrust Financial Advisors boosted its position in Brighthouse Financial by 9.6% in the 1st quarter. Captrust Financial Advisors now owns 3,071 shares of the company’s stock valued at $159,000 after buying an additional 268 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Brighthouse Financial by 2.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 12,349 shares of the company’s stock valued at $604,000 after buying an additional 285 shares during the last quarter. FMR LLC boosted its position in Brighthouse Financial by 6.5% in the 3rd quarter. FMR LLC now owns 4,698 shares of the company’s stock valued at $230,000 after buying an additional 287 shares during the last quarter. Finally, Capula Management Ltd boosted its position in Brighthouse Financial by 3.1% in the 3rd quarter. Capula Management Ltd now owns 10,000 shares of the company’s stock valued at $489,000 after buying an additional 300 shares during the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Eric T. Steigerwalt sold 25,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the sale, the chief executive officer now owns 390,765 shares in the company, valued at $18,350,324.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Brighthouse Financial news, EVP Vonda Huss sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $46.96, for a total transaction 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. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

BHF has been the subject of a number of analyst reports. Morgan Stanley cut 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. Piper Sandler upped their target price on shares of Brighthouse Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Wells Fargo & Company upped their target price on shares of Brighthouse Financial from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and issued a $50.00 target price on shares of Brighthouse Financial in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, Brighthouse Financial currently has a consensus rating of “Hold” and a consensus target price of $51.14.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock opened at $47.96 on Friday. The firm has a market cap of $3.02 billion, a PE ratio of -2.59 and a beta of 1.16. The firm’s 50-day simple moving average is $48.74 and its 200-day simple moving average is $49.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 0.80. Brighthouse Financial, Inc. has a 1 year low of $39.24 and a 1 year high of $56.24.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data 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). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $2.13 billion. Brighthouse Financial had a positive return on equity of 20.71% and a negative net margin of 27.01%. During the same quarter last year, the company earned $3.51 EPS. Equities analysts forecast that Brighthouse Financial, Inc. will post 17.08 earnings per share 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.