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

Xponance Inc. cut its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 17.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,770 shares of the company’s stock after selling 1,394 shares during the quarter. Xponance Inc.’s holdings in Brighthouse Financial were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System grew its stake in shares of Brighthouse Financial by 39.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 84,570 shares of the company’s stock valued at $4,359,000 after buying an additional 23,922 shares in the last quarter. Algebris UK Ltd purchased a new position in Brighthouse Financial in the first quarter valued at $6,938,000. Seven Eight Capital LP boosted its holdings in Brighthouse Financial by 342.1% in the first quarter. Seven Eight Capital LP now owns 28,063 shares of the company’s stock valued at $1,446,000 after purchasing an additional 21,716 shares during the period. Quantbot Technologies LP purchased a new position in Brighthouse Financial in the first quarter valued at $2,278,000. Finally, Edgestream Partners L.P. boosted its holdings in Brighthouse Financial by 12.7% in the second quarter. Edgestream Partners L.P. now owns 153,789 shares of the company’s stock valued at $6,665,000 after purchasing an additional 17,329 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on BHF. Keefe, Bruyette & Woods decreased their target price on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, August 14th. JPMorgan Chase & Co. lifted their target price on Brighthouse Financial from $58.00 to $59.00 and gave the company an “underweight” rating in a report on Tuesday, July 2nd. Barclays began coverage on Brighthouse Financial in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 target price for the company. Evercore ISI decreased their price target on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a report on Thursday, August 8th. Finally, Piper Sandler decreased their price target on Brighthouse Financial from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, June 28th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.25.

Insider Activity

In other news, EVP John Rosenthal sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $45.22, for a total value of $226,100.00. Following the completion of the sale, the executive vice president now directly owns 91,262 shares of the company’s stock, valued at approximately $4,126,867.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Edward A. Spehar sold 7,125 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $41.74, for a total value of $297,397.50. Following the transaction, the chief financial officer now owns 37,640 shares in the company, valued at approximately $1,571,093.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Rosenthal sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $45.22, for a total value of $226,100.00. Following the completion of the transaction, the executive vice president now owns 91,262 shares in the company, valued at approximately $4,126,867.64. The disclosure for this sale can be found here. In the last three months, insiders sold 42,125 shares of company stock valued at $1,895,248. Insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Down 2.4 %

Shares of NASDAQ BHF opened at $43.95 on Wednesday. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $56.24. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of -2.31 and a beta of 1.06. The business has a 50-day moving average of $44.45 and a two-hundred day moving average of $45.73.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share for the quarter, beating the consensus estimate of $4.36 by $1.21. Brighthouse Financial had a positive return on equity of 26.22% and a negative net margin of 22.03%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the business earned $4.13 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts forecast that Brighthouse Financial, Inc. will post 18.16 earnings per share for the current fiscal year.

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.