Strs Ohio Makes New Investment in Brighthouse Financial, Inc. (NASDAQ:BHF)

Strs Ohio purchased a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 23,980 shares of the company's stock, valued at approximately $1,269,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Brighthouse Financial by 29.7% during the third quarter. Royal Bank of Canada now owns 2,073,894 shares of the company's stock valued at $101,496,000 after purchasing an additional 475,327 shares in the last quarter. Northern Trust Corp lifted its position in shares of Brighthouse Financial by 0.3% during the 3rd quarter. Northern Trust Corp now owns 723,928 shares of the company's stock valued at $35,429,000 after buying an additional 2,438 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Brighthouse Financial by 21.8% during the 3rd quarter. American Century Companies Inc. now owns 667,411 shares of the company's stock valued at $32,663,000 after acquiring an additional 119,345 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Brighthouse Financial by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 432,763 shares of the company's stock worth $21,179,000 after acquiring an additional 15,643 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Brighthouse Financial by 12.7% in the 3rd quarter. Invesco Ltd. now owns 368,632 shares of the company's stock worth $18,041,000 after acquiring an additional 41,495 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Trading Up 1.5 %

Shares of NASDAQ BHF traded up $0.75 during midday trading on Tuesday, hitting $49.90. The company's stock had a trading volume of 593,400 shares, compared to its average volume of 421,150. Brighthouse Financial, Inc. has a 12-month low of $39.24 and a 12-month high of $56.24. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The firm has a market cap of $3.12 billion, a P/E ratio of -2.69 and a beta of 1.16. The business's 50 day moving average is $48.26 and its two-hundred day moving average is $49.78.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $2.92 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.91). The company had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $2.13 billion. Brighthouse Financial had a positive return on equity of 20.71% and a negative net margin of 27.01%. During the same period in the prior year, the business earned $3.51 EPS. As a group, equities research analysts expect that Brighthouse Financial, Inc. will post 17.12 EPS for the current year.

Analyst Ratings Changes

BHF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reissued an "underperform" rating and set a $50.00 price target on shares of Brighthouse Financial in a report on Friday, February 16th. Piper Sandler boosted their price target on Brighthouse Financial from $48.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Morgan Stanley lowered shares of Brighthouse Financial from an "equal weight" rating to an "underweight" rating and set a $52.00 price objective for the company. in a report on Friday, February 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Brighthouse Financial from $49.00 to $51.00 and gave the stock an "equal weight" rating in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $51.14.

Insider Activity at Brighthouse Financial

In other news, CEO Eric T. Steigerwalt sold 25,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $46.96, for a total value of $1,174,000.00. Following the completion of the sale, the chief executive officer now owns 390,765 shares of the company's stock, valued at approximately $18,350,324.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Eric T. Steigerwalt sold 25,000 shares of the business's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.96, for a total value of $1,174,000.00. Following the completion of the transaction, the chief executive officer now directly owns 390,765 shares of the company's stock, valued at approximately $18,350,324.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Vonda Huss sold 10,000 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the sale, the executive vice president now directly owns 27,080 shares in the company, valued at approximately $1,268,698. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

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.