Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 40.0% during the third quarter, Holdings Channel.com reports. The firm owned 83,653 shares of the company’s stock after selling 55,683 shares during the quarter. Jane Street Group LLC’s holdings in Brighthouse Financial were worth $3,767,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its position in shares of Brighthouse Financial by 974.1% during the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock worth $28,000 after purchasing an additional 565 shares during the last quarter. Venturi Wealth Management LLC grew its position 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 worth $28,000 after buying an additional 564 shares in the last quarter. CWM LLC grew its holdings in Brighthouse Financial by 29.4% during the 3rd quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after acquiring an additional 339 shares in the last quarter. GAMMA Investing LLC increased its holdings in Brighthouse Financial by 97.8% in the third quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock valued at $78,000 after buying an additional 855 shares during the last quarter. Finally, Quarry LP acquired a new position in Brighthouse Financial in the second quarter valued at approximately $89,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of Brighthouse Financial 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 completion of the sale, the executive vice president now owns 86,262 shares of the company’s stock, valued at $3,971,502.48. This trade represents a 4.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Myles Lambert sold 8,400 shares of the business’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 value of $434,280.00. Following the completion of the sale, the executive vice president now directly owns 33,407 shares of the company’s stock, valued at approximately $1,727,141.90. The trade was a 20.09 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BHF. Wells Fargo & Company lifted 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. Barclays increased their price target on shares of Brighthouse Financial from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Piper Sandler reduced their target price on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Wednesday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.75.

Brighthouse Financial Trading Down 6.1 %

NASDAQ BHF opened at $45.97 on Thursday. 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 12 month low of $40.00 and a 12 month high of $54.73. The company’s fifty day moving average price is $49.65 and its two-hundred day moving average price is $46.26. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of -2.26 and a beta of 1.06.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the company posted $4.18 earnings per share. As a group, research analysts predict that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current fiscal year.

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.