Nisa Investment Advisors LLC Sells 600 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Nisa Investment Advisors LLC decreased its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,671 shares of the company’s stock after selling 600 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Brighthouse Financial were worth $503,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BHF. Proficio Capital Partners LLC bought a new position in shares of Brighthouse Financial in the 4th quarter worth about $826,000. Raymond James Financial Inc. bought a new stake in shares of Brighthouse Financial during the fourth quarter worth about $384,000. Corient Private Wealth LLC increased its position in shares of Brighthouse Financial by 6.6% during the fourth quarter. Corient Private Wealth LLC now owns 11,895 shares of the company’s stock worth $571,000 after acquiring an additional 738 shares in the last quarter. Xponance Inc. increased its position in shares of Brighthouse Financial by 2.7% during the fourth quarter. Xponance Inc. now owns 6,860 shares of the company’s stock worth $330,000 after acquiring an additional 181 shares in the last quarter. Finally, Vinva Investment Management Ltd lifted its position in shares of Brighthouse Financial by 88.6% during the fourth quarter. Vinva Investment Management Ltd now owns 15,100 shares of the company’s stock valued at $725,000 after purchasing an additional 7,094 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Stock Up 6.2%

Shares of NASDAQ:BHF opened at $50.27 on Thursday. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The company has a market cap of $2.89 billion, a PE ratio of 6.03 and a beta of 0.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50-day moving average is $56.56 and its 200 day moving average is $55.34.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Thursday, May 8th. The company reported $4.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.55). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.29 billion. Brighthouse Financial had a return on equity of 25.60% and a net margin of 8.71%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.25 EPS. Sell-side analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BHF shares. Barclays dropped their price target on shares of Brighthouse Financial from $76.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, July 7th. Piper Sandler dropped their target price on shares of Brighthouse Financial from $63.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, July 3rd. Wells Fargo & Company lifted their target price on shares of Brighthouse Financial from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Morgan Stanley reduced their target price on shares of Brighthouse Financial from $45.00 to $42.00 and set an “underweight” rating for the company in a research note on Monday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Brighthouse Financial from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Brighthouse Financial presently has an average rating of “Hold” and an average price target of $60.30.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $59.51, for a total value of $178,530.00. Following the completion of the transaction, the executive vice president directly owned 18,441 shares of the company’s stock, valued at approximately $1,097,423.91. The trade was a 13.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

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.