Verition Fund Management LLC bought a new stake in Brighthouse Financial (NASDAQ:BHF) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 5,411 shares of the company’s stock, valued at approximately $278,000.
Other institutional investors also recently modified their holdings of the company. Prudential Financial Inc. purchased a new position in Brighthouse Financial in the first quarter valued at about $5,493,000. Aperio Group LLC acquired a new stake in shares of Brighthouse Financial in the first quarter valued at approximately $3,819,000. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Brighthouse Financial in the first quarter valued at approximately $1,326,000. Fruth Investment Management acquired a new stake in shares of Brighthouse Financial in the first quarter valued at approximately $1,227,000. Finally, Busey Trust CO acquired a new stake in shares of Brighthouse Financial in the first quarter valued at approximately $6,052,000. 86.66% of the stock is owned by institutional investors.
Several analysts have recently commented on BHF shares. Zacks Investment Research lowered shares of Brighthouse Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Credit Suisse Group started coverage on shares of Brighthouse Financial in a research report on Wednesday, April 25th. They issued an “underperform” rating and a $44.00 price target on the stock. Sandler O’Neill set a $53.00 price target on shares of Brighthouse Financial and gave the company a “hold” rating in a research report on Monday, April 2nd. Citigroup upgraded shares of Brighthouse Financial from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research report on Thursday, June 21st. Finally, BidaskClub lowered shares of Brighthouse Financial from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 12th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $62.66.
Shares of Brighthouse Financial opened at $40.07 on Friday, according to MarketBeat. Brighthouse Financial has a 1 year low of $39.52 and a 1 year high of $75.00. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.26.
Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Monday, May 7th. The company reported $2.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.33. Brighthouse Financial had a negative net margin of 1.25% and a positive return on equity of 5.93%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.07 billion. research analysts forecast that Brighthouse Financial will post 8.44 earnings per share for the current year.
Brighthouse Financial Company Profile
Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It offers 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.
Want to see what other hedge funds are holding BHF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brighthouse Financial (NASDAQ:BHF).
Receive News & Ratings for Brighthouse Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brighthouse Financial and related companies with MarketBeat.com's FREE daily email newsletter.