Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 160,967 shares of the company’s stock after selling 2,054 shares during the period. Rhumbline Advisers owned approximately 0.28% of Brighthouse Financial worth $9,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc increased its stake in shares of Brighthouse Financial by 188.0% in the first quarter. Versant Capital Management Inc now owns 622 shares of the company’s stock worth $36,000 after acquiring an additional 406 shares during the period. Aster Capital Management DIFC Ltd raised its position in shares of Brighthouse Financial by 327.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock worth $44,000 after acquiring an additional 703 shares during the period. Siemens Fonds Invest GmbH purchased a new stake in shares of Brighthouse Financial during the 4th quarter worth about $94,000. Dark Forest Capital Management LP acquired a new stake in shares of Brighthouse Financial during the 4th quarter valued at about $217,000. Finally, Guggenheim Capital LLC purchased a new position in shares of Brighthouse Financial in the 4th quarter valued at about $227,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Insider Activity at Brighthouse Financial

In related news, EVP Vonda Huss sold 3,000 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $59.51, for a total value of $178,530.00. Following the sale, the executive vice president now owns 18,441 shares in the company, valued at approximately $1,097,423.91. The trade was a 13.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Morgan Stanley raised their price objective on Brighthouse Financial from $41.00 to $45.00 and gave the company an “underweight” rating in a report on Monday, May 19th. Barclays boosted their price target on shares of Brighthouse Financial from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. UBS Group set a $72.00 price objective on shares of Brighthouse Financial in a report on Tuesday, March 18th. Keefe, Bruyette & Woods raised their price target on shares of Brighthouse Financial from $56.00 to $59.00 and gave the company a “market perform” rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company decreased their price objective on Brighthouse Financial from $59.00 to $52.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.80.

Brighthouse Financial Price Performance

Shares of BHF stock opened at $58.89 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The firm’s 50-day moving average is $55.70 and its two-hundred day moving average is $54.57. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The company has a market capitalization of $3.38 billion, a PE ratio of 11.41 and a beta of 0.92.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.55). The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. Brighthouse Financial’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.25 EPS. Analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

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.