WINTON GROUP Ltd Sells 294 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

WINTON GROUP Ltd cut its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,524 shares of the company’s stock after selling 294 shares during the period. WINTON GROUP Ltd’s holdings in Brighthouse Financial were worth $933,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in shares of Brighthouse Financial by 36.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock worth $60,000 after purchasing an additional 303 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Brighthouse Financial during the first quarter worth approximately $110,000. Central Pacific Bank Trust Division purchased a new position in shares of Brighthouse Financial during the first quarter worth approximately $169,000. EMC Capital Management lifted its holdings in shares of Brighthouse Financial by 216.0% in the 1st quarter. EMC Capital Management now owns 3,776 shares of the company’s stock worth $195,000 after acquiring an additional 2,581 shares during the last quarter. Finally, Privium Fund Management B.V. boosted its stake in shares of Brighthouse Financial by 16.9% in the 1st quarter. Privium Fund Management B.V. now owns 5,712 shares of the company’s stock valued at $294,000 after purchasing an additional 825 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

Insider Activity

In related news, EVP John Rosenthal sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $46.00, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $45.67, for a total value of $1,141,750.00. Following the sale, the chief executive officer now directly owns 321,072 shares of the company’s stock, valued at $14,663,358.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Rosenthal sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the executive vice president now owns 96,262 shares of the company’s stock, valued at $4,428,052. The disclosure for this sale can be found here. Insiders sold a total of 42,125 shares of company stock worth $1,895,248 in the last quarter. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BHF. Piper Sandler lowered their price target on shares of Brighthouse Financial from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, June 28th. Jefferies Financial Group lifted their price target on Brighthouse Financial from $59.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Brighthouse Financial from $58.00 to $59.00 and gave the stock an “underweight” rating in a report on Tuesday, July 2nd. Barclays began coverage on shares of Brighthouse Financial in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 target price on the stock. Finally, Keefe, Bruyette & Woods dropped their price target on shares of 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. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Brighthouse Financial has a consensus rating of “Hold” and an average target price of $49.44.

Brighthouse Financial Stock Up 0.1 %

Shares of NASDAQ BHF opened at $42.74 on Tuesday. The firm has a fifty day simple moving average of $45.28 and a two-hundred day simple moving average of $45.93. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $56.24. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $2.60 billion, a PE ratio of -2.24 and a beta of 1.06.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.36 by $1.21. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a negative net margin of 22.03% and a positive return on equity of 26.22%. Brighthouse Financial’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.13 earnings per share. Equities analysts expect that Brighthouse Financial, Inc. will post 18.16 earnings per share for the current year.

About Brighthouse Financial

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.