Corient Private Wealth LLC Has $783,000 Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Corient Private Wealth LLC reduced its stake in Brighthouse Financial, Inc. (NASDAQ:BHFFree Report) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,799 shares of the company’s stock after selling 458 shares during the quarter. Corient Private Wealth LLC’s holdings in Brighthouse Financial were worth $783,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC raised its stake in Brighthouse Financial by 412.3% in the 4th quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock worth $29,000 after purchasing an additional 437 shares in the last quarter. Blue Trust Inc. grew its position in Brighthouse Financial by 123.2% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the company’s stock worth $36,000 after buying an additional 404 shares in the last quarter. GAMMA Investing LLC acquired a new position in Brighthouse Financial in the 4th quarter valued at $60,000. Quadrant Capital Group LLC grew its holdings in shares of Brighthouse Financial by 36.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock worth $60,000 after purchasing an additional 303 shares in the last quarter. Finally, Quent Capital LLC increased its position in shares of Brighthouse Financial by 23.0% in the fourth quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock worth $108,000 after purchasing an additional 382 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Edward A. Spehar sold 7,125 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $41.91, for a total transaction of $298,608.75. Following the completion of the sale, the chief financial officer now owns 44,765 shares of the company’s stock, valued at approximately $1,876,101.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Michael J. Inserra bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of $43.20 per share, with a total value of $108,000.00. Following the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $237,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Edward A. Spehar sold 7,125 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $41.91, for a total value of $298,608.75. Following the completion of the transaction, the chief financial officer now owns 44,765 shares in the company, valued at approximately $1,876,101.15. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Brighthouse Financial Stock Down 2.3 %

Shares of NASDAQ BHF opened at $43.42 on Wednesday. The company’s 50 day moving average price is $47.57 and its 200-day moving average price is $49.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 0.83. Brighthouse Financial, Inc. has a 52-week low of $41.73 and a 52-week high of $56.24. The company has a market capitalization of $2.70 billion, a P/E ratio of -2.28 and a beta of 1.08.

Brighthouse Financial (NASDAQ:BHFGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.29. Brighthouse Financial had a negative net margin of 38.05% and a positive return on equity of 23.49%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the business earned $2.86 earnings per share. Brighthouse Financial’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts forecast that Brighthouse Financial, Inc. will post 16.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BHF. Morgan Stanley downgraded shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 23rd. Wells Fargo & Company cut their target price on Brighthouse Financial from $51.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Piper Sandler lowered their price target on Brighthouse Financial from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $50.00 price objective 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 given a hold rating to the company. According to MarketBeat.com, Brighthouse Financial presently has an average rating of “Hold” and a consensus target price of $50.29.

Get Our Latest Research Report on BHF

Brighthouse Financial Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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