Brighthouse Financial, Inc. (NASDAQ:BHF) EVP Myles Lambert Sells 8,400 Shares

Brighthouse Financial, Inc. (NASDAQ:BHF) EVP Myles Lambert sold 8,400 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total value of $434,280.00. Following the sale, the executive vice president now owns 33,407 shares of the company’s stock, valued at $1,727,141.90. This trade represents a 20.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Brighthouse Financial Stock Down 3.0 %

Shares of NASDAQ:BHF traded down $1.58 during midday trading on Tuesday, reaching $50.80. 546,498 shares of the company traded hands, compared to its average volume of 388,519. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $56.24. The firm’s fifty day moving average price is $48.46 and its two-hundred day moving average price is $45.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.92 and a current ratio of 0.92.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $3.99 EPS 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 analysts’ expectations of $2.21 billion. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. During the same period in the prior year, the firm posted $4.18 EPS. Analysts predict that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Brighthouse Financial by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,091,462 shares of the company’s stock worth $49,160,000 after buying an additional 8,004 shares in the last quarter. XTX Topco Ltd increased its position in shares of Brighthouse Financial by 20.3% in the third quarter. XTX Topco Ltd now owns 27,974 shares of the company’s stock worth $1,260,000 after purchasing an additional 4,726 shares during the last quarter. Weiss Asset Management LP bought a new stake in Brighthouse Financial during the third quarter valued at approximately $782,000. Two Sigma Advisers LP lifted its holdings in shares of Brighthouse Financial by 12.6% during the 3rd quarter. Two Sigma Advisers LP now owns 320,700 shares of the company’s stock worth $14,441,000 after acquiring an additional 35,800 shares during the last quarter. Finally, State Street Corp raised its position in Brighthouse Financial by 2.2% during the third quarter. State Street Corp now owns 2,314,905 shares of the company’s stock valued at $104,240,000 after purchasing an additional 50,441 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BHF. Barclays assumed 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 for the company. Piper Sandler boosted their price objective on Brighthouse Financial from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, August 14th. Finally, Evercore ISI decreased their price target on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.63.

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.