Oppenheimer Asset Management Inc. acquired a new stake in Brighthouse Financial Inc (NASDAQ:BHF) in the third quarter, HoldingsChannel reports. The fund acquired 4,936 shares of the company’s stock, valued at approximately $218,000.
A number of other hedge funds have also added to or reduced their stakes in BHF. Acadian Asset Management LLC increased its holdings in shares of Brighthouse Financial by 93.5% during the 2nd quarter. Acadian Asset Management LLC now owns 12,695 shares of the company’s stock worth $509,000 after buying an additional 6,134 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Brighthouse Financial by 24.9% during the 2nd quarter. Raymond James & Associates now owns 93,254 shares of the company’s stock worth $3,737,000 after buying an additional 18,604 shares during the last quarter. Busey Trust CO acquired a new stake in shares of Brighthouse Financial during the 3rd quarter worth approximately $5,141,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Brighthouse Financial by 232.8% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 78,763 shares of the company’s stock worth $3,156,000 after buying an additional 55,097 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Brighthouse Financial by 4,383.7% during the 2nd quarter. Jane Street Group LLC now owns 262,206 shares of the company’s stock worth $10,507,000 after buying an additional 256,358 shares during the last quarter. Institutional investors own 87.32% of the company’s stock.
NASDAQ:BHF opened at $41.57 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market cap of $5.12 billion, a P/E ratio of 6.93, a P/E/G ratio of 0.55 and a beta of 1.56. Brighthouse Financial Inc has a fifty-two week low of $37.68 and a fifty-two week high of $67.55.
Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Monday, November 5th. The company reported $2.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.19 by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Brighthouse Financial had a net margin of 1.33% and a return on equity of 5.49%. During the same quarter last year, the company posted $3.31 EPS. As a group, equities analysts forecast that Brighthouse Financial Inc will post 8.17 EPS for the current year.
A number of analysts have recently issued reports on the stock. B. Riley cut their price target on shares of Brighthouse Financial from $59.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, July 16th. BidaskClub upgraded shares of Brighthouse Financial from a “sell” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Co set a $50.00 price target on shares of Brighthouse Financial and gave the stock a “hold” rating in a report on Monday, November 5th. ValuEngine raised shares of Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, August 17th. Finally, Bank of America reaffirmed a “neutral” rating and set a $47.00 price objective on shares of Brighthouse Financial in a research report on Wednesday, October 3rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $56.07.
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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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