LSV Asset Management Has $11.35 Million Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

LSV Asset Management lessened its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 214,491 shares of the company’s stock after selling 2,637 shares during the quarter. LSV Asset Management owned approximately 0.33% of Brighthouse Financial worth $11,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lindbrook Capital LLC raised its holdings in Brighthouse Financial by 412.3% in the 4th quarter. Lindbrook Capital LLC now owns 543 shares of the company’s stock valued at $29,000 after acquiring an additional 437 shares during the period. Blue Trust Inc. increased its position in Brighthouse Financial by 123.2% during the 4th quarter. Blue Trust Inc. now owns 732 shares of the company’s stock worth $36,000 after buying an additional 404 shares during the period. GAMMA Investing LLC acquired a new position in shares of Brighthouse Financial in the fourth quarter valued at about $60,000. Quent Capital LLC boosted its holdings in Brighthouse Financial by 23.0% in the 4th quarter. Quent Capital LLC now owns 2,046 shares of the company’s stock valued at $108,000 after purchasing an additional 382 shares during the period. Finally, Bfsg LLC bought a new position in shares of Brighthouse Financial during the fourth quarter worth approximately $167,000. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Trading Up 0.7 %

Shares of Brighthouse Financial stock opened at $51.07 on Wednesday. The firm has a market cap of $3.19 billion, a PE ratio of -2.75 and a beta of 1.14. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a fifty day moving average price of $48.59 and a 200-day moving average price of $49.86. Brighthouse Financial, Inc. has a 1 year low of $39.24 and a 1 year high of $56.24.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $2.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.91). Brighthouse Financial had a positive return on equity of 20.71% and a negative net margin of 27.01%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm posted $3.51 earnings per share. Equities research analysts anticipate that Brighthouse Financial, Inc. will post 17.12 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Vonda Huss sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $46.85, for a total transaction of $468,500.00. Following the transaction, the executive vice president now directly owns 27,080 shares in the company, valued at approximately $1,268,698. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $46.96, for a total value of $1,174,000.00. Following the completion of the sale, the chief executive officer now owns 390,765 shares in the company, valued at approximately $18,350,324.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Vonda Huss sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the transaction, the executive vice president now owns 27,080 shares of the company’s stock, valued at approximately $1,268,698. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company increased their target price on shares of Brighthouse Financial from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Morgan Stanley downgraded Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price objective for the company. in a research note on Friday, February 23rd. Piper Sandler boosted their target price on shares of Brighthouse Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $50.00 price target on shares of Brighthouse Financial in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, Brighthouse Financial presently has an average rating of “Hold” and an average target price of $51.14.

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.