Brighthouse Financial, Inc. (NASDAQ:BHF - Get Free Report) EVP John Rosenthal sold 4,265 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $46.04, for a total transaction of $196,360.60. Following the completion of the sale, the executive vice president now directly owns 86,262 shares of the company's stock, valued at $3,971,502.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
John Rosenthal also recently made the following trade(s):
- On Tuesday, September 3rd, John Rosenthal sold 5,000 shares of Brighthouse Financial stock. The shares were sold at an average price of $45.22, for a total transaction of $226,100.00.
Brighthouse Financial Stock Performance
Shares of Brighthouse Financial stock opened at $47.35 on Wednesday. The company's 50 day moving average price is $43.99 and its two-hundred day moving average price is $45.46. The firm has a market capitalization of $2.94 billion, a P/E ratio of -2.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.85 and a quick ratio of 0.85. Brighthouse Financial, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $56.24.
Election rigged? We caught them red-handed…
From Banyan Hill Publishing | Ad
What happens if NOBODY will be elected the next President of the United States on Nov. 5?
Not Donald Trump. And not Kamala Harris.
The end result could be a 50% drop in the stock market.
You need to be ready.
Go here now for a FREE video about this surprising election forecast.
Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.36 by $1.21. Brighthouse Financial had a positive return on equity of 26.22% and a negative net margin of 22.03%. The business had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.21 billion. During the same quarter in the prior year, the firm earned $4.13 EPS. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Brighthouse Financial, Inc. will post 18.52 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Brighthouse Financial
Hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its stake in shares of Brighthouse Financial by 974.1% during the third quarter. UMB Bank n.a. now owns 623 shares of the company's stock valued at $28,000 after acquiring an additional 565 shares during the last quarter. CWM LLC increased its holdings in Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company's stock valued at $67,000 after purchasing an additional 339 shares during the period. GAMMA Investing LLC raised its position in 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 during the last quarter. Quarry LP acquired a new position in Brighthouse Financial during the 2nd quarter worth about $89,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Brighthouse Financial in the 1st quarter valued at about $110,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
BHF has been the topic of a number of analyst reports. Piper Sandler increased their price target on Brighthouse Financial from $44.00 to $47.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. Jefferies Financial Group raised their price target on Brighthouse Financial from $59.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of Brighthouse Financial from $58.00 to $59.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 2nd. Barclays began coverage on shares of Brighthouse Financial in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $48.00 target price on the stock. Finally, Wells Fargo & Company upped 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. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Brighthouse Financial presently has a consensus rating of "Hold" and a consensus price target of $50.63.
Read Our Latest Stock Analysis on Brighthouse Financial
About Brighthouse Financial
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
