Quantinno Capital Management LP Has $3.02 Million Stake in Brighthouse Financial, Inc. (NASDAQ:BHF)

Quantinno Capital Management LP grew its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 34.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,827 shares of the company's stock after purchasing 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.

Several other hedge funds also recently made changes to their positions in BHF. Nomura Holdings Inc. acquired a new position in shares of Brighthouse Financial in the 4th quarter worth approximately $378,000. Nuveen Asset Management LLC lifted its stake in shares of Brighthouse Financial by 2.1% during the 4th quarter. Nuveen Asset Management LLC now owns 89,097 shares of the company's stock valued at $4,280,000 after buying an additional 1,832 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Brighthouse Financial by 3.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 732,689 shares of the company's stock worth $35,198,000 after purchasing an additional 24,662 shares during the period. Deutsche Bank AG increased its holdings in shares of Brighthouse Financial by 1.4% in the fourth quarter. Deutsche Bank AG now owns 67,990 shares of the company's stock worth $3,266,000 after purchasing an additional 941 shares during the period. Finally, Bridgefront Capital LLC bought a new stake in Brighthouse Financial during the fourth quarter valued at approximately $253,000. 81.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target on the stock. in a research note on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price target on shares of Brighthouse Financial from $56.00 to $59.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 13th. Morgan Stanley lifted their price objective on Brighthouse Financial from $41.00 to $45.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. UBS Group set a $72.00 target price on Brighthouse Financial in a report on Tuesday, March 18th. Finally, Wells Fargo & Company decreased their price target on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $60.80.

Brighthouse Financial Stock Down 1.5%

NASDAQ:BHF traded down $0.86 on Friday, reaching $57.91. 780,144 shares of the stock traded hands, compared to its average volume of 576,697. 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 company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 11.22 and a beta of 0.96. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The company's fifty day simple moving average is $55.60 and its 200 day simple moving average is $53.96.

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

Brighthouse Financial 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.