Brighthouse Financial, Inc. (NASDAQ:BHF) Stock Holdings Boosted by Cerity Partners LLC

Cerity Partners LLC lifted its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 55.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,690 shares of the company’s stock after buying an additional 5,601 shares during the period. Cerity Partners LLC’s holdings in Brighthouse Financial were worth $707,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its stake in Brighthouse Financial by 974.1% during the third quarter. UMB Bank n.a. now owns 623 shares of the company’s stock valued at $28,000 after buying an additional 565 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Brighthouse Financial by 989.5% during the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock valued at $28,000 after acquiring an additional 564 shares during the period. CWM LLC lifted its position in shares of Brighthouse Financial by 29.4% in the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after acquiring an additional 339 shares in the last quarter. GAMMA Investing LLC boosted its stake in Brighthouse Financial by 97.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock worth $78,000 after purchasing an additional 855 shares during the period. Finally, Quarry LP purchased a new position in Brighthouse Financial during the 2nd quarter worth approximately $89,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Insider Transactions at Brighthouse Financial

In other news, EVP John Rosenthal sold 4,265 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $46.04, for a total value of $196,360.60. Following the completion of the transaction, the executive vice president now owns 86,262 shares of the company’s stock, valued at $3,971,502.48. This represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Myles Lambert sold 8,400 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 33,407 shares of the company’s stock, valued at approximately $1,727,141.90. This trade represents a 20.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on BHF shares. Piper Sandler raised 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. Barclays initiated coverage on shares of Brighthouse Financial in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 price target on the stock. Keefe, Bruyette & Woods reduced 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. Finally, Wells Fargo & Company upped their target price on Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.63.

Brighthouse Financial Stock Down 0.4 %

Shares of NASDAQ:BHF opened at $51.04 on Friday. The company has a 50 day moving average of $49.01 and a 200-day moving average of $45.96. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $56.24. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -2.51 and a beta of 1.06.

Brighthouse Financial (NASDAQ:BHF) last released 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). The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. During the same period in the previous year, the business earned $4.18 EPS. On average, sell-side analysts forecast that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current year.

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.