Dimensional Fund Advisors LP Buys 42,652 Shares of Brighthouse Financial, Inc. $BHF

Key Points

• Dimensional Fund Advisors added 42,652 shares in Q3 and now owns 3,449,923 shares (about 6.03% of Brighthouse) valued at roughly $183.1 million.
• Other institutions also increased exposure—notably American Century (+208,630 shares) and Citigroup (+118,909 shares)—leaving institutional ownership at about 81.24% of the company.
• Brighthouse trades with a market cap of $3.38 billion and a P/E of 10.21, with analysts' consensus rated as Reduce and a consensus target price of $63.67.

Dimensional Fund Advisors LP grew its stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,449,923 shares of the company's stock after buying an additional 42,652 shares during the period. Dimensional Fund Advisors LP owned approximately 6.03% of Brighthouse Financial worth $183,131,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BHF. Clear Harbor Asset Management LLC bought a new position in Brighthouse Financial in the third quarter valued at $919,000. Citigroup Inc. raised its position in Brighthouse Financial by 360.5% during the third quarter. Citigroup Inc. now owns 151,891 shares of the company's stock valued at $8,062,000 after purchasing an additional 118,909 shares in the last quarter. Four Tree Island Advisory LLC lifted its stake in Brighthouse Financial by 85.6% during the third quarter. Four Tree Island Advisory LLC now owns 22,762 shares of the company's stock worth $1,210,000 after purchasing an additional 10,500 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Brighthouse Financial by 10.4% in the 3rd quarter. American Century Companies Inc. now owns 2,210,276 shares of the company's stock worth $117,321,000 after purchasing an additional 208,630 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Brighthouse Financial by 518.1% in the 3rd quarter. CWM LLC now owns 34,856 shares of the company's stock worth $1,850,000 after purchasing an additional 29,217 shares in the last quarter. Institutional investors own 81.24% of the company's stock.

Brighthouse Financial Stock Performance

Shares of NASDAQ:BHF opened at $59.19 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $63.49 and a 200-day moving average price of $58.36. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 10.21 and a beta of 0.96. Brighthouse Financial, Inc. has a 12 month low of $42.07 and a 12 month high of $66.33.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Brighthouse Financial in a report on Monday, December 29th. Raymond James Financial reaffirmed a "market perform" rating on shares of Brighthouse Financial in a research note on Wednesday, November 12th. Barclays cut shares of Brighthouse Financial from an "overweight" rating to an "equal weight" rating and set a $65.00 price target on the stock. in a research report on Thursday, January 8th. Finally, Zacks Research raised shares of Brighthouse Financial from a "strong sell" rating to a "hold" rating in a research note on Wednesday, December 17th. Eight investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $63.67.

Brighthouse Financial Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.