Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Quent Capital LLC

Quent Capital LLC cut its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 23.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,601 shares of the company’s stock after selling 481 shares during the period. Quent Capital LLC’s holdings in Brighthouse Financial were worth $69,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BHF. Blue Trust Inc. boosted its holdings in shares of Brighthouse Financial by 123.2% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the company’s stock valued at $36,000 after buying an additional 404 shares during the period. Cerity Partners LLC boosted its holdings in shares of Brighthouse Financial by 23.4% in the 4th quarter. Cerity Partners LLC now owns 5,465 shares of the company’s stock valued at $289,000 after buying an additional 1,036 shares during the period. Louisiana State Employees Retirement System bought a new stake in Brighthouse Financial in the 4th quarter valued at about $953,000. Lecap Asset Management Ltd. bought a new stake in Brighthouse Financial in the 4th quarter valued at about $309,000. Finally, Strs Ohio bought a new stake in Brighthouse Financial in the 4th quarter valued at about $1,269,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Brighthouse Financial

In other news, CFO Edward A. Spehar sold 7,125 shares of Brighthouse Financial stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $41.91, for a total value of $298,608.75. Following the transaction, the chief financial officer now owns 44,765 shares of the company’s stock, valued at approximately $1,876,101.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Edward A. Spehar sold 7,125 shares of Brighthouse Financial stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $41.91, for a total value of $298,608.75. Following the transaction, the chief financial officer now owns 44,765 shares of the company’s stock, valued at approximately $1,876,101.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Rosenthal sold 5,000 shares of Brighthouse Financial stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the completion of the transaction, the executive vice president now directly owns 96,262 shares in the company, valued at $4,428,052. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Brighthouse Financial Price Performance

Shares of BHF stock traded up $0.56 during midday trading on Wednesday, reaching $44.52. 77,164 shares of the company were exchanged, compared to its average volume of 446,793. Brighthouse Financial, Inc. has a 12 month low of $40.24 and a 12 month high of $56.24. The company has a market cap of $2.77 billion, a P/E ratio of -2.31 and a beta of 1.08. The company’s 50 day moving average price is $44.99 and its two-hundred day moving average price is $47.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 0.83.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Tuesday, May 7th. The company reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.29. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.14 billion. Brighthouse Financial had a negative net margin of 38.05% and a positive return on equity of 23.49%. Brighthouse Financial’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.86 EPS. On average, sell-side analysts expect that Brighthouse Financial, Inc. will post 15.01 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on BHF. Evercore ISI cut their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an “in-line” rating on the stock in a research report on Wednesday, June 26th. Keefe, Bruyette & Woods upgraded shares of Brighthouse Financial from an “underperform” rating to a “market perform” rating and cut their price objective for the company from $48.00 to $47.00 in a research report on Monday, June 17th. Jefferies Financial Group lifted their price objective on shares of Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. lifted their price objective on shares of Brighthouse Financial from $58.00 to $59.00 and gave the company an “underweight” rating in a research report on Tuesday, July 2nd. Finally, Piper Sandler cut their price objective on shares of Brighthouse Financial from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, June 28th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $52.00.

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.