Jacobs Levy Equity Management Inc. Grows Stake in Brighthouse Financial, Inc. (NASDAQ:BHF)

Jacobs Levy Equity Management Inc. lifted its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 732,689 shares of the company's stock after acquiring an additional 24,662 shares during the period. Jacobs Levy Equity Management Inc. owned 1.23% of Brighthouse Financial worth $35,198,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Brighthouse Financial during the 4th quarter valued at approximately $312,000. KBC Group NV increased its position in Brighthouse Financial by 33.1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock valued at $128,000 after buying an additional 663 shares in the last quarter. Institute for Wealth Management LLC. bought a new position in Brighthouse Financial during the 4th quarter valued at approximately $287,000. Lecap Asset Management Ltd. increased its position in Brighthouse Financial by 9.1% during the 4th quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock valued at $251,000 after buying an additional 436 shares in the last quarter. Finally, Joel Isaacson & Co. LLC bought a new position in Brighthouse Financial during the 4th quarter valued at approximately $643,000. Institutional investors own 81.24% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BHF. Wells Fargo & Company reduced their price objective on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Jefferies Financial Group downgraded Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 target price on the stock. in a research note on Monday, February 3rd. Morgan Stanley cut their target price on Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating on the stock in a research note on Thursday, April 10th. Keefe, Bruyette & Woods increased their target price on Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a research note on Tuesday. Finally, UBS Group set a $72.00 target price on Brighthouse Financial in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $60.40.

Brighthouse Financial Stock Performance

Shares of BHF stock traded up $1.29 on Friday, reaching $60.99. The stock had a trading volume of 899,859 shares, compared to its average volume of 570,758. The stock has a market cap of $3.50 billion, a P/E ratio of 11.82 and a beta of 0.96. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93. The company has a 50 day simple moving average of $55.20 and a 200 day simple moving average of $53.56.

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

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.