Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Cwm LLC

Cwm LLC lowered its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 31.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,844 shares of the company’s stock after selling 2,702 shares during the quarter. Cwm LLC’s holdings in Brighthouse Financial were worth $339,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Brighthouse Financial by 7.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 195,895 shares of the company’s stock valued at $9,411,000 after purchasing an additional 14,316 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Brighthouse Financial by 11.0% in the first quarter. GAMMA Investing LLC now owns 2,035 shares of the company’s stock valued at $118,000 after purchasing an additional 202 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Brighthouse Financial in the first quarter valued at about $780,000. Raymond James Financial Inc. purchased a new position in Brighthouse Financial in the fourth quarter valued at about $384,000. Finally, Ameriprise Financial Inc. boosted its holdings in Brighthouse Financial by 0.7% in the fourth quarter. Ameriprise Financial Inc. now owns 74,877 shares of the company’s stock valued at $3,597,000 after purchasing an additional 491 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Insider Buying and Selling

In related news, EVP Vonda Huss sold 3,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 18,441 shares in the company, valued at $1,097,423.91. This trade represents a 13.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Brighthouse Financial Trading Up 1.3%

Shares of NASDAQ BHF opened at $50.21 on Friday. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 6.02 and a beta of 0.88. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $64.12. 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’s 50 day simple moving average is $55.29 and its 200 day simple moving average is $55.45.

Brighthouse Financial (NASDAQ:BHF) last announced 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 return on equity of 25.60% and a net margin of 8.71%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business posted $4.25 EPS. Equities research analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on BHF shares. Piper Sandler reduced their target price on Brighthouse Financial from $63.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, July 3rd. Wells Fargo & Company increased their target price on Brighthouse Financial from $53.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods increased their target price on Brighthouse Financial from $56.00 to $59.00 and gave the stock a “market perform” rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. increased their target price on Brighthouse Financial from $56.00 to $63.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Finally, Morgan Stanley reduced their target price on Brighthouse Financial from $45.00 to $42.00 and set an “underweight” rating on the stock in a report on Monday, July 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Brighthouse Financial presently has a consensus rating of “Hold” and an average target price 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.