Brighthouse Financial, Inc. (NASDAQ:BHF) EVP John Rosenthal Sells 4,265 Shares

Brighthouse Financial, Inc. (NASDAQ:BHF) EVP John Rosenthal sold 4,265 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $46.04, for a total value of $196,360.60. Following the sale, the executive vice president now owns 86,262 shares of the company’s stock, valued at approximately $3,971,502.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

John Rosenthal also recently made the following trade(s):

• On Tuesday, September 3rd, John Rosenthal sold 5,000 shares of Brighthouse Financial stock. The shares were sold at an average price of $45.22, for a total value of $226,100.00.

Brighthouse Financial Stock Up 1.7 %

Brighthouse Financial stock traded up $0.77 during mid-day trading on Tuesday, reaching $47.35. The stock had a trading volume of 482,263 shares, compared to its average volume of 428,138. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.85 and a current ratio of 0.85. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $56.24. The stock’s 50-day simple moving average is $43.92 and its 200-day simple moving average is $45.48. The firm has a market capitalization of $2.94 billion, a PE ratio of -2.51 and a beta of 1.06.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $1.21. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Brighthouse Financial had a positive return on equity of 26.22% and a negative net margin of 22.03%. Brighthouse Financial’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.13 earnings per share. On average, sell-side analysts forecast that Brighthouse Financial, Inc. will post 18.52 EPS for the current fiscal year.

Institutional Trading of Brighthouse Financial

Several hedge funds have recently made changes to their positions in the company. American Century Companies Inc. raised its stake in shares of Brighthouse Financial by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 1,273,882 shares of the company’s stock valued at $55,210,000 after purchasing an additional 228,814 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of Brighthouse Financial by 75.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 623,607 shares of the company’s stock valued at $27,027,000 after purchasing an additional 269,062 shares during the period. Private Management Group Inc. raised its stake in shares of Brighthouse Financial by 1.9% during the 1st quarter. Private Management Group Inc. now owns 340,683 shares of the company’s stock valued at $17,559,000 after purchasing an additional 6,496 shares during the period. Millennium Management LLC raised its stake in shares of Brighthouse Financial by 278.0% during the 2nd quarter. Millennium Management LLC now owns 280,270 shares of the company’s stock valued at $12,147,000 after purchasing an additional 206,116 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Brighthouse Financial by 139.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 247,210 shares of the company’s stock valued at $10,714,000 after purchasing an additional 144,102 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BHF has been the subject of several recent analyst reports. Piper Sandler upped their price objective on Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company upped their price objective on Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods dropped their price objective on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, August 14th. Jefferies Financial Group upped their price objective on Brighthouse Financial from $59.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Evercore ISI lowered their price objective on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Brighthouse Financial presently has an average rating of “Hold” and a consensus target price of $50.63.

About Brighthouse Financial

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.