Private Management Group Inc. Decreases Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Private Management Group Inc. trimmed its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 334,187 shares of the company’s stock after selling 1,904 shares during the quarter. Private Management Group Inc. owned approximately 0.52% of Brighthouse Financial worth $17,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC grew its position in Brighthouse Financial by 412.3% during the 4th quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock worth $29,000 after acquiring an additional 437 shares during the last quarter. Blue Trust Inc. grew its position in shares of Brighthouse Financial by 123.2% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the company’s stock worth $36,000 after buying an additional 404 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Brighthouse Financial in the 4th quarter worth approximately $60,000. Quent Capital LLC grew its position in shares of Brighthouse Financial by 23.0% in the 4th quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock worth $108,000 after buying an additional 382 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Brighthouse Financial by 13.7% in the 4th quarter. Signaturefd LLC now owns 3,736 shares of the company’s stock worth $198,000 after buying an additional 450 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Stock Up 1.5 %

Shares of NASDAQ BHF traded up $0.75 during mid-day trading on Tuesday, hitting $49.90. 593,400 shares of the stock traded hands, compared to its average volume of 421,150. The stock has a fifty day moving average price of $48.26 and a 200-day moving average price of $49.78. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -2.69 and a beta of 1.16. Brighthouse Financial, Inc. has a 52 week low of $39.24 and a 52 week high of $56.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 0.80.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $2.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.91). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Brighthouse Financial had a negative net margin of 27.01% and a positive return on equity of 20.71%. During the same quarter in the previous year, the firm posted $3.51 EPS. Research analysts anticipate that Brighthouse Financial, Inc. will post 17.12 EPS for the current year.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of Brighthouse Financial stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the completion of the transaction, the chief executive officer now owns 390,765 shares in the company, valued at $18,350,324.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Vonda Huss sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $46.85, for a total transaction of $468,500.00. Following the sale, the executive vice president now owns 27,080 shares of the company’s stock, valued at approximately $1,268,698. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the transaction, the chief executive officer now directly owns 390,765 shares of the company’s stock, valued at $18,350,324.40. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BHF has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on Brighthouse Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $50.00 price objective on shares of Brighthouse Financial in a research report on Friday, February 16th. Wells Fargo & Company lifted their price objective on Brighthouse Financial from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley lowered Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price target on the stock. in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, Brighthouse Financial currently has a consensus rating of “Hold” and a consensus price target of $51.14.

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.