Mutual of America Capital Management LLC Sells 1,559 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Mutual of America Capital Management LLC reduced its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 3.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,255 shares of the company’s stock after selling 1,559 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Brighthouse Financial worth $1,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in Brighthouse Financial by 21.8% in the 3rd quarter. American Century Companies Inc. now owns 667,411 shares of the company’s stock worth $32,663,000 after purchasing an additional 119,345 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Brighthouse Financial by 86.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,776 shares of the company’s stock worth $1,163,000 after purchasing an additional 11,036 shares in the last quarter. Diversified Trust Co bought a new position in Brighthouse Financial in the 4th quarter worth $518,000. Range Financial Group LLC bought a new position in Brighthouse Financial in the 4th quarter worth $498,000. Finally, Handelsinvest Investeringsforvaltning bought a new position in Brighthouse Financial in the 4th quarter worth $334,000. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF opened at $48.02 on Friday. The firm’s 50 day moving average price is $44.18 and its 200-day moving average price is $47.77. Brighthouse Financial, Inc. has a twelve month low of $40.24 and a twelve month high of $56.24. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $2.98 billion, a PE ratio of -2.52 and a beta of 1.09.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Tuesday, May 7th. The company reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.29. Brighthouse Financial had a negative net margin of 38.05% and a positive return on equity of 23.49%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the business earned $2.86 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts expect that Brighthouse Financial, Inc. will post 15.01 EPS for the current year.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the sale, the executive vice president now owns 96,262 shares in the company, valued at approximately $4,428,052. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Michael J. Inserra acquired 2,500 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was acquired at an average cost of $43.20 per share, with a total value of $108,000.00. Following the acquisition, the director now directly owns 5,500 shares in the company, valued at approximately $237,600. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Rosenthal sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the sale, the executive vice president now directly owns 96,262 shares of the company’s stock, valued at $4,428,052. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BHF. Keefe, Bruyette & Woods raised shares of Brighthouse Financial from an “underperform” rating to a “market perform” rating and reduced their target price for the stock from $48.00 to $47.00 in a research report on Monday, June 17th. Jefferies Financial Group raised shares of Brighthouse Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $49.00 to $54.00 in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Brighthouse Financial from $58.00 to $59.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 2nd. Wells Fargo & Company reduced their target price on shares of Brighthouse Financial from $51.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Finally, Evercore ISI reduced their target price on shares of Brighthouse Financial from $59.00 to $56.00 and set an “in-line” rating on the stock in a research report on Wednesday, June 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Brighthouse Financial has an average rating of “Hold” and a consensus price target of $51.00.

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.