Dimensional Fund Advisors LP Cuts Stake in Brighthouse Financial, Inc. $BHF

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Brighthouse Financial by 0.7%, now owning approximately 5.86% of the company, valued at $195.97 million.
• Brighthouse Financial reported $3.43 EPS for the latest quarter, missing analyst estimates, and its revenue was down 2.8% year-over-year.
• Equities analysts have set new price targets for Brighthouse Financial, with Morgan Stanley lowering their target from $45.00 to $42.00 and Barclays reducing it from $70.00 to $65.00.

Dimensional Fund Advisors LP decreased its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,379,423 shares of the company's stock after selling 22,618 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.86% of Brighthouse Financial worth $195,967,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BHF. Versant Capital Management Inc lifted its holdings in Brighthouse Financial by 188.0% in the first quarter. Versant Capital Management Inc now owns 622 shares of the company's stock valued at $36,000 after acquiring an additional 406 shares during the period. UMB Bank n.a. lifted its holdings in Brighthouse Financial by 101.7% in the first quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock valued at $70,000 after acquiring an additional 605 shares during the period. Siemens Fonds Invest GmbH bought a new position in Brighthouse Financial in the fourth quarter valued at about $94,000. GAMMA Investing LLC lifted its holdings in Brighthouse Financial by 11.0% in the first quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock valued at $118,000 after acquiring an additional 202 shares during the period. Finally, Signaturefd LLC lifted its holdings in Brighthouse Financial by 15.0% in the first quarter. Signaturefd LLC now owns 3,138 shares of the company's stock valued at $182,000 after acquiring an additional 410 shares during the period. Institutional investors own 81.24% of the company's stock.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF traded up $0.67 during trading on Friday, hitting $47.09. 448,155 shares of the company's stock were exchanged, compared to its average volume of 683,593. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $64.12. The business's 50-day simple moving average is $50.42 and its 200 day simple moving average is $54.55. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 5.10 and a beta of 0.88.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.70 by ($1.27). Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.21 billion. During the same quarter in the prior year, the business posted $5.57 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Insider Activity

In related news, EVP Vonda Huss sold 3,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $59.51, for a total transaction of $178,530.00. Following the completion of the sale, the executive vice president owned 18,441 shares in the company, valued at approximately $1,097,423.91. This trade represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating on the stock in a report on Monday, August 11th. JPMorgan Chase & Co. upped their price target on Brighthouse Financial from $56.00 to $63.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Barclays reduced their price target on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Piper Sandler reduced their price target on Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating for the company in a research report on Thursday, July 3rd. Finally, Morgan Stanley reduced their price target on Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating for the company in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $59.67.

Brighthouse Financial Company 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.