Nissay Asset Management Corp Japan ADV bought a new position in shares of Brighthouse Financial Inc (NASDAQ:BHF) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 10,599 shares of the company’s stock, valued at approximately $469,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in BHF. Jane Street Group LLC acquired a new position in shares of Brighthouse Financial in the 1st quarter valued at about $301,000. LPL Financial LLC acquired a new position in shares of Brighthouse Financial in the 1st quarter valued at about $420,000. Millennium Management LLC acquired a new position in shares of Brighthouse Financial in the 1st quarter valued at about $1,798,000. Principal Financial Group Inc. acquired a new position in shares of Brighthouse Financial in the 1st quarter valued at about $6,897,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Brighthouse Financial in the 1st quarter valued at about $847,000. 87.32% of the stock is currently owned by hedge funds and other institutional investors.
BHF stock opened at $42.61 on Tuesday. Brighthouse Financial Inc has a fifty-two week low of $37.68 and a fifty-two week high of $67.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $4.90 billion, a P/E ratio of 6.34, a PEG ratio of 0.52 and a beta of 1.56.
Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Monday, November 5th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.17. Brighthouse Financial had a positive return on equity of 5.58% and a negative net margin of 7.88%. During the same quarter in the prior year, the company posted $3.31 EPS. On average, equities research analysts forecast that Brighthouse Financial Inc will post 8.19 earnings per share for the current year.
BHF has been the topic of a number of recent analyst reports. ValuEngine downgraded Brighthouse Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Bank of America reaffirmed a “neutral” rating and set a $47.00 price target on shares of Brighthouse Financial in a research note on Wednesday, October 3rd. Morgan Stanley dropped their price target on Brighthouse Financial from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 11th. BidaskClub raised Brighthouse Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th. Finally, Wells Fargo & Co set a $50.00 price target on Brighthouse Financial and gave the stock a “hold” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $56.43.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/11/06/nissay-asset-management-corp-japan-adv-buys-new-holdings-in-brighthouse-financial-inc-bhf.html.
Brighthouse Financial 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.
See Also: What is the balance sheet?
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.