30,799 Shares in Brighthouse Financial, Inc. $BHF Acquired by Strs Ohio

Key Points

• Strs Ohio acquired 30,799 shares of Brighthouse Financial, Inc., valued at approximately $1.79 million, now holding around 0.05% of the company.
• Brighthouse Financial reported earnings of $3.43 per share, missing analysts' expectations of $4.70, with a revenue of $2.15 billion for the quarter.
• Analyst ratings for Brighthouse Financial vary, with an average target price of $59.67 and mixed ratings including one Strong Buy and two Sell ratings.

Strs Ohio purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,799 shares of the company's stock, valued at approximately $1,786,000. Strs Ohio owned 0.05% of Brighthouse Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in BHF. American Century Companies Inc. lifted its stake in Brighthouse Financial by 9.3% in the 1st quarter. American Century Companies Inc. now owns 1,838,020 shares of the company's stock valued at $106,587,000 after buying an additional 155,944 shares in the last quarter. Royal Bank of Canada boosted its holdings in Brighthouse Financial by 41.0% during the first quarter. Royal Bank of Canada now owns 985,215 shares of the company's stock worth $57,134,000 after buying an additional 286,607 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Brighthouse Financial by 3.2% during the first quarter. Victory Capital Management Inc. now owns 912,242 shares of the company's stock valued at $52,901,000 after buying an additional 28,080 shares during the period. Northern Trust Corp grew its holdings in Brighthouse Financial by 6.1% during the 1st quarter. Northern Trust Corp now owns 720,243 shares of the company's stock valued at $41,767,000 after purchasing an additional 41,323 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Brighthouse Financial by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 386,664 shares of the company's stock worth $22,423,000 after acquiring an additional 23,990 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Trading Up 27.2%

BHF traded up $12.33 during trading hours on Friday, reaching $57.59. 10,386,127 shares of the company's stock traded hands, compared to its average volume of 839,820. The firm has a market capitalization of $3.29 billion, a PE ratio of 6.23 and a beta of 0.87. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. Brighthouse Financial, Inc. has a 52-week low of $42.07 and a 52-week high of $64.12. The firm has a 50-day moving average price of $47.47 and a 200 day moving average price of $52.88.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on BHF. Wall Street Zen downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Keefe, Bruyette & Woods decreased their price target on shares of Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating on the stock in a research note on Monday, August 11th. JPMorgan Chase & Co. raised their price target on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a research note on Tuesday, July 8th. Piper Sandler lowered their price target on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, July 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $59.67.

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.