13,459 Shares in Brighthouse Financial, Inc. (NASDAQ:BHF) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,459 shares of the company's stock, valued at approximately $780,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of Brighthouse Financial by 188.0% during the first quarter. Versant Capital Management Inc now owns 622 shares of the company's stock valued at $36,000 after purchasing an additional 406 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake in Brighthouse Financial by 327.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock valued at $44,000 after acquiring an additional 703 shares in the last quarter. UMB Bank n.a. grew its stake in Brighthouse Financial by 101.7% in the 1st quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock worth $70,000 after buying an additional 605 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new position in Brighthouse Financial in the 4th quarter worth approximately $94,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Brighthouse Financial by 11.0% in the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock worth $118,000 after acquiring an additional 202 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Vonda Huss sold 3,000 shares of Brighthouse Financial stock in a transaction on 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 directly owned 18,441 shares of the company's stock, valued at $1,097,423.91. The trade was a 13.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company's stock.

Brighthouse Financial Stock Performance

NASDAQ:BHF traded down $0.74 during midday trading on Friday, reaching $50.35. 310,968 shares of the company traded hands, compared to its average volume of 635,645. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 6.04 and a beta of 0.88. The company has a fifty day moving average price of $56.42 and a 200 day moving average price of $55.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted 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 business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.29 billion. Brighthouse Financial had a net margin of 8.71% and a return on equity of 25.60%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.25 earnings per share. On average, analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BHF. Piper Sandler reduced their price objective on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating for the company in a research note on Thursday, July 3rd. Keefe, Bruyette & Woods raised their target price 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. Barclays reduced their price target on shares of Brighthouse Financial from $76.00 to $70.00 and set an "overweight" rating on the stock in a research report on Monday, July 7th. Wall Street Zen cut shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Brighthouse Financial currently has an average rating of "Hold" and an average price target of $60.30.

About Brighthouse Financial

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.