61,158 Shares in Brighthouse Financial, Inc. $BHF Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 61,158 shares of Brighthouse Financial worth approximately $3.87 million, giving it a 0.11% stake. Institutional investors collectively own 81.24% of the company.
• Brighthouse Financial reported quarterly EPS of $4.45, below the $4.86 consensus estimate, while revenue of $1.62 billion also missed expectations and declined 2% year over year.
• Shares opened at $53.71, down from their 52-week high of $66.80. Analysts largely rate the stock “Hold,” but the consensus rating remains “Reduce,” with an average price target of $60.50.

Public Employees Retirement System of Ohio purchased a new position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 61,158 shares of the company's stock, valued at approximately $3,871,000. Public Employees Retirement System of Ohio owned 0.11% of Brighthouse Financial at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Brighthouse Financial by 0.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company's stock worth $1,772,000 after buying an additional 183 shares in the last quarter. Parallel Advisors LLC grew its stake in Brighthouse Financial by 8.7% during the first quarter. Parallel Advisors LLC now owns 2,795 shares of the company's stock valued at $167,000 after acquiring an additional 224 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company's stock valued at $31,000 after acquiring an additional 226 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in Brighthouse Financial by 0.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 32,275 shares of the company's stock valued at $2,090,000 after acquiring an additional 273 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Brighthouse Financial by 2.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,735 shares of the company's stock worth $703,000 after purchasing an additional 300 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Trading Up 0.2%

Shares of NASDAQ BHF opened at $53.71 on Friday. Brighthouse Financial, Inc. has a 1-year low of $42.07 and a 1-year high of $66.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.96. The business's 50 day moving average is $60.43 and its two-hundred day moving average is $61.22. The stock has a market capitalization of $3.09 billion, a P/E ratio of 4.29, a PEG ratio of 0.71 and a beta of 0.84.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $4.45 EPS for the quarter, missing analysts' consensus estimates of $4.86 by ($0.41). Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.The company had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter last year, the firm posted $3.43 EPS. Brighthouse Financial's revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, research analysts expect that Brighthouse Financial, Inc. will post 18.91 EPS for the current year.

Wall Street Analyst Weigh In

BHF has been the subject of several research reports. Weiss Ratings raised shares of Brighthouse Financial from a "sell (d+)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Zacks Research upgraded Brighthouse Financial from a "strong sell" rating to a "hold" rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised Brighthouse Financial to a "hold" rating in a research note on Sunday, July 12th. Nine investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Brighthouse Financial presently has a consensus rating of "Reduce" and an average price target of $60.50.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company's core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.

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