Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Brighthouse Financial Inc (NASDAQ:BHF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,760 shares of the company’s stock, valued at approximately $653,000.
Other large investors have also recently bought and sold shares of the company. First Hawaiian Bank purchased a new stake in shares of Brighthouse Financial in the 3rd quarter valued at approximately $142,000. Daiwa Securities Group Inc. purchased a new stake in shares of Brighthouse Financial in the 3rd quarter valued at approximately $164,000. AGF Investments America Inc. purchased a new stake in shares of Brighthouse Financial in the 3rd quarter valued at approximately $164,000. Whittier Trust Co. purchased a new stake in shares of Brighthouse Financial in the 3rd quarter valued at approximately $176,000. Finally, Hussman Strategic Advisors Inc. purchased a new stake in shares of Brighthouse Financial in the 3rd quarter valued at approximately $201,000. Institutional investors own 90.58% of the company’s stock.
NASDAQ BHF opened at $35.82 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.31. Brighthouse Financial Inc has a 52 week low of $35.26 and a 52 week high of $67.55. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 0.51 and a beta of 1.58.
Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Monday, November 5th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.19 by $0.04. Brighthouse Financial had a net margin of 1.33% and a return on equity of 5.49%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the business posted $3.31 EPS. As a group, research analysts expect that Brighthouse Financial Inc will post 8.04 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of Brighthouse Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Wells Fargo & Co set a $50.00 target price on shares of Brighthouse Financial and gave the stock a “hold” rating in a research note on Monday, November 5th. ValuEngine raised shares of Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, August 17th. Bank of America reaffirmed a “neutral” rating and set a $47.00 target price on shares of Brighthouse Financial in a research note on Wednesday, October 3rd. Finally, Morgan Stanley cut their target price on shares of Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 6th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Brighthouse Financial presently has a consensus rating of “Hold” and a consensus price target 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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