Bfsg LLC Sells 222 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Bfsg LLC cut its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,938 shares of the company’s stock after selling 222 shares during the quarter. Bfsg LLC’s holdings in Brighthouse Financial were worth $141,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BHF. CWM LLC raised its holdings in Brighthouse Financial by 29.4% in the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after purchasing an additional 339 shares in the last quarter. Creative Planning raised its holdings in Brighthouse Financial by 5.7% in the 3rd quarter. Creative Planning now owns 7,843 shares of the company’s stock worth $353,000 after purchasing an additional 420 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in Brighthouse Financial in the 3rd quarter worth $216,000. International Assets Investment Management LLC bought a new position in Brighthouse Financial in the 3rd quarter worth $14,280,000. Finally, Bogart Wealth LLC grew its position in shares of Brighthouse Financial by 2.8% in the 3rd quarter. Bogart Wealth LLC now owns 214,222 shares of the company’s stock worth $9,646,000 after buying an additional 5,899 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Myles Lambert sold 8,400 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total transaction of $434,280.00. Following the sale, the executive vice president now owns 33,407 shares of the company’s stock, valued at $1,727,141.90. This trade represents a 20.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Rosenthal sold 10,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the executive vice president now directly owns 66,262 shares in the company, valued at approximately $4,041,982. The trade was a 13.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Performance

Shares of BHF stock opened at $62.81 on Wednesday. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.00. The company’s 50-day moving average is $52.37 and its 200 day moving average is $48.68. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of -3.09 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. Sell-side analysts expect that Brighthouse Financial, Inc. will post 18.2 EPS for the current fiscal year.

Analyst Ratings Changes

BHF has been the topic of a number of recent research reports. Barclays raised shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $85.00 in a research report on Wednesday, January 29th. Piper Sandler upped their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. reduced their target price on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on shares of Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Brighthouse Financial from $60.00 to $66.00 and gave the stock a “market perform” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $59.50.

Brighthouse Financial Company 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.