Mutual of America Capital Management LLC Sells 2,889 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Mutual of America Capital Management LLC cut its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,814 shares of the company’s stock after selling 2,889 shares during the period. Mutual of America Capital Management LLC’s holdings in Brighthouse Financial were worth $2,107,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BHF. Blue Trust Inc. increased its holdings in shares of Brighthouse Financial by 123.2% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the company’s stock worth $36,000 after buying an additional 404 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Brighthouse Financial in the 1st quarter worth about $50,000. Quent Capital LLC increased its holdings in shares of Brighthouse Financial by 23.0% in the 4th quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock worth $108,000 after buying an additional 382 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Brighthouse Financial during the 1st quarter worth about $151,000. Finally, Captrust Financial Advisors boosted its stake in shares of Brighthouse Financial by 9.6% during the 1st quarter. Captrust Financial Advisors now owns 3,071 shares of the company’s stock worth $159,000 after purchasing an additional 268 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Price Performance

Brighthouse Financial stock opened at $48.91 on Friday. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of -2.64 and a beta of 1.16. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.80. Brighthouse Financial, Inc. has a 1 year low of $39.24 and a 1 year high of $56.24. The firm has a 50-day moving average of $48.29 and a two-hundred day moving average of $49.73.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Tuesday, February 13th. The company reported $2.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.91). The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Brighthouse Financial had a negative net margin of 27.01% and a positive return on equity of 20.71%. During the same period last year, the firm earned $3.51 earnings per share. On average, research analysts forecast that Brighthouse Financial, Inc. will post 17.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BHF. Piper Sandler lifted their price target on shares of Brighthouse Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Morgan Stanley cut shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price target for the company. in a research note on Friday, February 23rd. Wells Fargo & Company lifted their price target on shares of Brighthouse Financial from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $50.00 price target on shares of Brighthouse Financial in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.14.

Insider Transactions at Brighthouse Financial

In other news, CEO Eric T. Steigerwalt sold 25,000 shares of the company’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 value of $1,174,000.00. Following the completion of the sale, the chief executive officer now owns 390,765 shares of the company’s stock, valued at approximately $18,350,324.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Vonda Huss sold 10,000 shares of the company’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 completion of the sale, the executive vice president now owns 27,080 shares of the company’s stock, valued at approximately $1,268,698. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 390,765 shares of the company’s stock, valued at approximately $18,350,324.40. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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.