Kendall Capital Management Sells 2,905 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Kendall Capital Management decreased its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,085 shares of the company’s stock after selling 2,905 shares during the period. Kendall Capital Management’s holdings in Brighthouse Financial were worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Brighthouse Financial by 2,632.8% in the 4th quarter. Victory Capital Management Inc. now owns 884,162 shares of the company’s stock worth $42,475,000 after buying an additional 851,808 shares during the period. State Street Corp grew its stake in Brighthouse Financial by 2.2% in the 3rd quarter. State Street Corp now owns 2,314,905 shares of the company’s stock worth $104,240,000 after acquiring an additional 50,441 shares in the last quarter. Ieq Capital LLC purchased a new position in shares of Brighthouse Financial during the fourth quarter worth approximately $1,748,000. Two Sigma Advisers LP boosted its holdings in shares of Brighthouse Financial by 12.6% in the third quarter. Two Sigma Advisers LP now owns 320,700 shares of the company’s stock valued at $14,441,000 after purchasing an additional 35,800 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Brighthouse Financial in the third quarter worth approximately $1,404,000. 81.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Brighthouse Financial news, EVP John Rosenthal sold 10,000 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the executive vice president now directly owns 66,262 shares of the company’s stock, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by insiders.

Brighthouse Financial Price Performance

NASDAQ BHF opened at $54.21 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The stock’s fifty day moving average price is $54.97 and its 200 day moving average price is $50.10. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 10.51 and a beta of 1.11.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $5.88 earnings per share for the quarter, topping the consensus estimate of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. As a group, equities research analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wells Fargo & Company raised Brighthouse Financial from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $41.00 to $59.00 in a research note on Wednesday, February 19th. Barclays raised Brighthouse Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $52.00 to $85.00 in a research note on Wednesday, January 29th. Piper Sandler increased their price objective on Brighthouse Financial from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods upped their target price on Brighthouse Financial from $60.00 to $66.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Brighthouse Financial currently has an average rating of “Hold” and a consensus price target of $63.14.

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.