Nissay Asset Management Corp Japan ADV Buys New Holdings in Brighthouse Financial Inc (BHF)

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.

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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.

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

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