Quantinno Capital Management LP Buys 16,120 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Quantinno Capital Management LP raised its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 34.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,827 shares of the company's stock after acquiring an additional 16,120 shares during the period. Quantinno Capital Management LP owned about 0.11% of Brighthouse Financial worth $3,018,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Institute for Wealth Management LLC. bought a new position in Brighthouse Financial in the fourth quarter valued at about $287,000. Bank of New York Mellon Corp grew its position in Brighthouse Financial by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company's stock valued at $25,240,000 after acquiring an additional 9,500 shares during the last quarter. Raymond James Financial Inc. bought a new position in Brighthouse Financial in the fourth quarter valued at about $384,000. SG Americas Securities LLC bought a new position in Brighthouse Financial in the fourth quarter valued at about $312,000. Finally, Alliancebernstein L.P. grew its position in Brighthouse Financial by 41.5% in the fourth quarter. Alliancebernstein L.P. now owns 114,984 shares of the company's stock valued at $5,524,000 after acquiring an additional 33,716 shares during the last quarter. Institutional investors own 81.24% of the company's stock.

Brighthouse Financial Stock Performance

Shares of BHF opened at $61.15 on Tuesday. The firm's fifty day simple moving average is $55.34 and its two-hundred day simple moving average is $53.70. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $3.51 billion, a P/E ratio of 11.85 and a beta of 0.96.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $4.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.55). Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the firm posted $4.25 earnings per share. Brighthouse Financial's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a research report on Tuesday, May 13th. Jefferies Financial Group cut Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target on the stock. in a report on Monday, February 3rd. Piper Sandler boosted their price target on Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. UBS Group set a $72.00 price target on Brighthouse Financial in a report on Tuesday, March 18th. Finally, Morgan Stanley boosted their price target on Brighthouse Financial from $41.00 to $45.00 and gave the stock an "underweight" rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Brighthouse Financial presently has an average rating of "Hold" and an average price target of $60.80.

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.

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