5,411 Shares in Brighthouse Financial (BHF) Purchased by Verition Fund Management LLC

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.

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Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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