Mutual of America Capital Management LLC Has $1.75 Million Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Mutual of America Capital Management LLC lessened its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,176 shares of the company’s stock after selling 1,177 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Brighthouse Financial worth $1,750,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BHF. Proficio Capital Partners LLC acquired a new position in Brighthouse Financial during the fourth quarter worth approximately $826,000. Raymond James Financial Inc. acquired a new position in Brighthouse Financial during the fourth quarter worth approximately $384,000. Corient Private Wealth LLC increased its position in 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 buying an additional 738 shares during the last quarter. Xponance Inc. increased its position in 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 buying an additional 181 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in Brighthouse Financial by 1.9% during the fourth quarter. Quantbot Technologies LP now owns 54,155 shares of the company’s stock worth $2,602,000 after buying an additional 1,006 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Trading Down 0.5%

Shares of BHF stock opened at $50.84 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. The stock has a market cap of $2.92 billion, a P/E ratio of 6.10 and a beta of 0.88. The stock has a 50 day simple moving average of $56.27 and a 200 day simple moving average of $55.48. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly 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 company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.29 billion. Brighthouse Financial had a net margin of 8.71% and a return on equity of 25.60%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.25 earnings per share. On average, research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP Vonda Huss sold 3,000 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $59.51, for a total transaction of $178,530.00. Following the completion of the sale, the executive vice president directly owned 18,441 shares in the company, valued at $1,097,423.91. This represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on BHF. Wells Fargo & Company upped their target price on Brighthouse Financial from $53.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. upped their target price on Brighthouse Financial from $56.00 to $63.00 and gave the company an “underweight” rating in a research report on Tuesday, July 8th. Barclays decreased their target price on 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 decreased their target price on Brighthouse Financial from $63.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, July 3rd. Finally, Morgan Stanley decreased their target price on Brighthouse Financial from $45.00 to $42.00 and set an “underweight” rating on the stock in a research report on Monday, July 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Brighthouse Financial presently has a consensus rating of “Hold” and an average price target of $60.30.

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.