Parametric Portfolio Associates LLC raised its position in Brighthouse Financial Inc (NASDAQ:BHF) by 10.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 483,132 shares of the company’s stock after buying an additional 47,116 shares during the period. Parametric Portfolio Associates LLC owned 0.43% of Brighthouse Financial worth $17,726,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in shares of Brighthouse Financial by 387.3% during the first quarter. Signaturefd LLC now owns 731 shares of the company’s stock worth $27,000 after purchasing an additional 581 shares in the last quarter. Ossiam acquired a new position in shares of Brighthouse Financial during the second quarter worth approximately $60,000. Ayalon Holdings Ltd. acquired a new position in shares of Brighthouse Financial during the second quarter worth approximately $64,000. ETF Managers Group LLC lifted its position in shares of Brighthouse Financial by 9.9% during the first quarter. ETF Managers Group LLC now owns 2,785 shares of the company’s stock worth $101,000 after purchasing an additional 250 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Brighthouse Financial by 771.2% during the second quarter. Bessemer Group Inc. now owns 3,302 shares of the company’s stock worth $121,000 after purchasing an additional 2,923 shares in the last quarter. Hedge funds and other institutional investors own 87.21% of the company’s stock.
Several brokerages recently weighed in on BHF. Morgan Stanley cut their price objective on shares of Brighthouse Financial from $43.00 to $41.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. BidaskClub upgraded shares of Brighthouse Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Goldman Sachs Group lowered shares of Brighthouse Financial from a “neutral” rating to a “sell” rating and cut their price objective for the company from $39.00 to $32.00 in a report on Tuesday, June 25th. Credit Suisse Group lowered shares of Brighthouse Financial from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $35.00 to $22.00 in a report on Tuesday, June 25th. Finally, Citigroup cut their price objective on shares of Brighthouse Financial from $36.00 to $33.00 and set a “sell” rating on the stock in a report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a strong buy rating to the company. Brighthouse Financial presently has a consensus rating of “Hold” and a consensus price target of $37.56.
In other Brighthouse Financial news, COO Conor Murphy bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average price of $35.68 per share, with a total value of $107,040.00. Following the completion of the transaction, the chief operating officer now owns 20,902 shares in the company, valued at $745,783.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Margaret M. Mccarthy bought 2,941 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was acquired at an average cost of $34.08 per share, with a total value of $100,229.28. Following the transaction, the director now owns 4,423 shares of the company’s stock, valued at approximately $150,735.84. The disclosure for this purchase can be found here. Insiders have bought 31,441 shares of company stock valued at $1,091,409 in the last three months. 0.23% of the stock is owned by insiders.
NASDAQ:BHF traded up $0.25 during trading hours on Friday, hitting $41.00. The stock had a trading volume of 177,975 shares, compared to its average volume of 952,846. Brighthouse Financial Inc has a one year low of $28.52 and a one year high of $47.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 5.51, a P/E/G ratio of 0.41 and a beta of 2.06. The business’s 50 day moving average is $36.15 and its 200-day moving average is $37.77.
Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Monday, August 5th. The company reported $2.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.33. Brighthouse Financial had a net margin of 9.61% and a return on equity of 6.74%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $1.68 earnings per share. On average, sell-side analysts anticipate that Brighthouse Financial Inc will post 8.67 EPS for the current fiscal year.
Brighthouse Financial Profile
Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment 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.
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