Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 97.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,165 shares of the company’s stock after selling 153,714 shares during the quarter. Great Lakes Advisors LLC’s holdings in Brighthouse Financial were worth $200,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Amalgamated Bank raised its stake in Brighthouse Financial by 0.8% during the fourth quarter. Amalgamated Bank now owns 28,345 shares of the company’s stock worth $1,362,000 after acquiring an additional 227 shares during the period. Lecap Asset Management Ltd. raised its stake in Brighthouse Financial by 9.1% during the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company’s stock worth $251,000 after acquiring an additional 436 shares during the period. KBC Group NV raised its stake in Brighthouse Financial by 30.2% during the third quarter. KBC Group NV now owns 2,001 shares of the company’s stock worth $90,000 after acquiring an additional 464 shares during the period. Independent Advisor Alliance raised its stake in Brighthouse Financial by 3.0% during the fourth quarter. Independent Advisor Alliance now owns 57,831 shares of the company’s stock worth $2,778,000 after acquiring an additional 1,694 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Brighthouse Financial by 5.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 42,291 shares of the company’s stock valued at $1,904,000 after purchasing an additional 2,259 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Trading Up 2.4 %

Brighthouse Financial stock opened at $56.95 on Tuesday. The firm has a 50 day simple moving average of $55.68 and a 200-day simple moving average of $50.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market capitalization of $3.31 billion, a PE ratio of 11.04 and a beta of 1.11. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. As a group, equities research analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BHF shares. Morgan Stanley set a $52.00 price target on shares of Brighthouse Financial in a research note on Friday, February 28th. Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Monday, February 3rd. Barclays upgraded shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. Wells Fargo & Company upgraded shares of Brighthouse Financial from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $41.00 to $59.00 in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Brighthouse Financial from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.75.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of Brighthouse Financial stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, the executive vice president now owns 66,262 shares in the company, valued at approximately $4,041,982. The trade was a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

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.