Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 4.1% in the 4th quarter, HoldingsChannel reports. The fund owned 12,459 shares of the company’s stock after selling 538 shares during the quarter. Pacer Advisors Inc.’s holdings in Brighthouse Financial were worth $599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BHF. UMB Bank n.a. lifted its holdings in shares of Brighthouse Financial by 974.1% in the 3rd quarter. UMB Bank n.a. now owns 623 shares of the company’s stock valued at $28,000 after purchasing an additional 565 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Brighthouse Financial by 989.5% in the third quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock valued at $28,000 after buying an additional 564 shares during the last quarter. CWM LLC boosted its holdings in shares of Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after acquiring an additional 339 shares during the period. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 855 shares during the period. Finally, KBC Group NV increased its holdings in shares of Brighthouse Financial by 30.2% in the 3rd quarter. KBC Group NV now owns 2,001 shares of the company’s stock valued at $90,000 after acquiring an additional 464 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Stock Performance

NASDAQ BHF opened at $59.98 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $50.44 and its two-hundred day moving average is $47.78. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $64.00. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of -2.95 and a beta of 1.10.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business 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 firm posted $4.18 EPS. Research analysts expect that Brighthouse Financial, Inc. will post 18.2 EPS for the current year.

Analysts Set New Price Targets

BHF has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Barclays raised Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. Jefferies Financial Group downgraded 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. Piper Sandler cut their price target on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Brighthouse Financial from $48.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Brighthouse Financial presently has an average rating of “Hold” and an average target price of $57.75.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP Myles Lambert sold 8,400 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Rosenthal sold 10,000 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the transaction, the executive vice president now directly owns 66,262 shares of the company’s stock, valued at $4,041,982. The trade was a 13.11 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

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.