Y Intercept Hong Kong Ltd Has $601,000 Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Y Intercept Hong Kong Ltd reduced its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 39.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,348 shares of the company’s stock after selling 8,676 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Brighthouse Financial were worth $601,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BHF. SG Americas Securities LLC acquired a new position in Brighthouse Financial during the second quarter valued at approximately $388,000. Assenagon Asset Management S.A. acquired a new position in shares of Brighthouse Financial during the second quarter worth $3,439,000. Ingalls & Snyder LLC increased its holdings in shares of Brighthouse Financial by 63.0% during the second quarter. Ingalls & Snyder LLC now owns 24,453 shares of the company’s stock worth $1,060,000 after buying an additional 9,450 shares in the last quarter. Range Financial Group LLC increased its holdings in shares of Brighthouse Financial by 7.8% during the second quarter. Range Financial Group LLC now owns 11,957 shares of the company’s stock worth $518,000 after buying an additional 861 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Brighthouse Financial by 5.3% during the second quarter. Victory Capital Management Inc. now owns 30,027 shares of the company’s stock worth $1,301,000 after buying an additional 1,522 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock opened at $48.78 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $56.24. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -2.40 and a beta of 1.06. The company’s fifty day moving average is $49.45 and its 200 day moving average is $46.17.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the firm earned $4.18 EPS. Sell-side analysts forecast that Brighthouse Financial, Inc. will post 18.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BHF shares. Barclays started coverage on shares of Brighthouse Financial in a report on Wednesday, September 4th. They set an “equal weight” rating and a $48.00 price target for the company. Piper Sandler upped their price target on shares of Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company upped their price target on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $50.63.

Insider Buying and Selling

In other Brighthouse Financial news, 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 transaction 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. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Myles Lambert sold 8,400 shares of the company’s stock in a transaction on 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 directly owns 33,407 shares in the company, valued at $1,727,141.90. This trade represents a 20.09 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by 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.