Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Kendall Capital Management

Kendall Capital Management cut its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 19.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,085 shares of the company’s stock after selling 2,905 shares during the period. Kendall Capital Management’s holdings in Brighthouse Financial were worth $581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its stake in Brighthouse Financial by 2.2% in the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company’s stock valued at $104,240,000 after buying an additional 50,441 shares in the last quarter. Geode Capital Management LLC lifted its stake in Brighthouse Financial by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company’s stock valued at $49,160,000 after buying an additional 8,004 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Brighthouse Financial by 2,632.8% in the 4th quarter. Victory Capital Management Inc. now owns 884,162 shares of the company’s stock valued at $42,475,000 after buying an additional 851,808 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Brighthouse Financial by 1.8% in the 4th quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company’s stock valued at $25,240,000 after buying an additional 9,500 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in Brighthouse Financial by 12.6% in the 3rd quarter. Two Sigma Advisers LP now owns 320,700 shares of the company’s stock valued at $14,441,000 after buying an additional 35,800 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 completion of the sale, the executive vice president now owns 66,262 shares in the company, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

Brighthouse Financial Stock Down 1.3 %

BHF stock opened at $54.21 on Monday. The firm has a market cap of $3.15 billion, a PE ratio of 10.51 and a beta of 1.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The firm’s 50 day moving average price is $54.97 and its 200-day moving average price is $50.10. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.12.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. On average, equities research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BHF shares. Barclays raised 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 raised shares of Brighthouse Financial from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $41.00 to $59.00 in a research note on Wednesday, February 19th. Jefferies Financial Group lowered shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a research note on Monday, February 3rd. Piper Sandler raised their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Brighthouse Financial from $60.00 to $66.00 and gave the stock 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 assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Brighthouse Financial presently has a consensus rating of “Hold” and a consensus target price of $63.14.

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.