Stifel Financial Corp Sells 646 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Stifel Financial Corp lessened its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 4.1% in the third quarter, Holdings Channel.com reports. The firm owned 15,173 shares of the company’s stock after selling 646 shares during the period. Stifel Financial Corp’s holdings in Brighthouse Financial were worth $683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of BHF. Quantinno Capital Management LP lifted its position in shares of Brighthouse Financial by 53.3% during the third quarter. Quantinno Capital Management LP now owns 46,707 shares of the company’s stock worth $2,103,000 after acquiring an additional 16,243 shares in the last quarter. Ingalls & Snyder LLC lifted its holdings in Brighthouse Financial by 32.3% during the 3rd quarter. Ingalls & Snyder LLC now owns 32,353 shares of the company’s stock worth $1,457,000 after purchasing an additional 7,900 shares in the last quarter. Centiva Capital LP purchased a new stake in Brighthouse Financial during the 3rd quarter worth about $385,000. Vinva Investment Management Ltd bought a new position in Brighthouse Financial in the 3rd quarter worth about $361,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Brighthouse Financial during the 3rd quarter valued at about $1,404,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays increased their price target on shares of Brighthouse Financial from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Wells Fargo & Company increased their target price on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Finally, Piper Sandler reduced their price target on shares of Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $51.75.

Brighthouse Financial Trading Up 1.2 %

Shares of Brighthouse Financial stock opened at $48.65 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $54.73. The firm has a market cap of $2.89 billion, a PE ratio of -2.39 and a beta of 1.06. The company has a 50 day simple moving average of $49.78 and a two-hundred day simple moving average of $46.42.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the firm posted $4.18 earnings per share. Analysts expect that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Rosenthal sold 4,265 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the transaction, the executive vice president now directly owns 86,262 shares in the company, valued at $3,971,502.48. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Myles Lambert sold 8,400 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the sale, the executive vice president now owns 33,407 shares of the company’s stock, valued at $1,727,141.90. The trade was a 20.09 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

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.