Jupiter Topco LLC purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 26,803 shares of the company's stock, valued at approximately $1,698,000.
Several other hedge funds and other institutional investors have also made changes to their positions in BHF. Quantinno Capital Management LP lifted its stake in Brighthouse Financial by 34.7% in the first quarter. Quantinno Capital Management LP now owns 186,971 shares of the company's stock worth $11,196,000 after acquiring an additional 48,174 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Brighthouse Financial in the 2nd quarter valued at approximately $341,422,000. Public Employees Retirement System of Ohio raised its holdings in shares of Brighthouse Financial by 38.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 61,433 shares of the company's stock valued at $3,679,000 after purchasing an additional 17,164 shares in the last quarter. Amundi raised its holdings in shares of Brighthouse Financial by 3,855.0% in the 1st quarter. Amundi now owns 123,276 shares of the company's stock valued at $7,382,000 after purchasing an additional 120,159 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Brighthouse Financial in the 1st quarter valued at $4,036,000. Hedge funds and other institutional investors own 81.24% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on BHF. Wall Street Zen upgraded shares of Brighthouse Financial to a "hold" rating in a research note on Sunday, July 12th. Weiss Ratings upgraded Brighthouse Financial from a "sell (d+)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Finally, Zacks Research raised Brighthouse Financial from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $60.50.
View Our Latest Research Report on Brighthouse Financial
Brighthouse Financial Price Performance
Shares of NASDAQ:BHF opened at $53.71 on Friday. Brighthouse Financial, Inc. has a 12 month low of $42.07 and a 12 month high of $66.80. The firm has a market capitalization of $3.09 billion, a P/E ratio of 4.29, a P/E/G ratio of 0.71 and a beta of 0.84. 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 company's fifty day moving average price is $60.43 and its 200 day moving average price is $61.22.
Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.86 by ($0.41). The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $2.18 billion. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The business's revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.43 EPS. As a group, sell-side analysts predict that Brighthouse Financial, Inc. will post 18.91 earnings per share for the current fiscal year.
Brighthouse Financial Profile
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Free Report)
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.
Further Reading
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