EMC Capital Management Sells 535 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

EMC Capital Management lessened its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,776 shares of the company’s stock after selling 535 shares during the period. EMC Capital Management’s holdings in Brighthouse Financial were worth $181,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its stake in shares of 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 period. UMB Bank n.a. raised its holdings in 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 acquiring an additional 565 shares in the last quarter. CWM LLC lifted its position in shares of Brighthouse Financial by 29.4% during the 3rd 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 grew its holdings in shares of Brighthouse Financial by 97.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,729 shares of the company’s stock worth $78,000 after purchasing an additional 855 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Brighthouse Financial by 30.2% in the third quarter. KBC Group NV now owns 2,001 shares of the company’s stock worth $90,000 after purchasing an additional 464 shares during the period. 81.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Brighthouse Financial

In other news, EVP Myles Lambert sold 8,400 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the sale, the executive vice president now owns 33,407 shares of the company’s stock, valued at approximately $1,727,141.90. This represents a 20.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Brighthouse Financial Trading Down 1.2 %

Shares of BHF stock opened at $61.26 on Friday. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.00. The stock’s fifty day simple moving average is $50.10 and its 200 day simple moving average is $47.63. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $3.64 billion, a P/E ratio of -3.01 and a beta of 1.08.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data 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). The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates 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 company earned $4.18 EPS. As a group, sell-side analysts predict that Brighthouse Financial, Inc. will post 18.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BHF shares. Piper Sandler cut their price objective on shares of Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. JPMorgan Chase & Co. cut their price target 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. Wells Fargo & Company decreased their price objective on shares of Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $85.00 in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price target on Brighthouse Financial from $48.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $57.63.

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.