Virginia Retirement Systems ET AL acquired a new stake in shares of Brighthouse Financial Inc (NASDAQ:BHF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 147,700 shares of the company’s stock, valued at approximately $6,534,000. Virginia Retirement Systems ET AL owned about 0.12% of Brighthouse Financial at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of BHF. State of New Jersey Common Pension Fund D acquired a new position in shares of Brighthouse Financial during the third quarter valued at about $37,343,000. Miller Value Partners LLC acquired a new position in shares of Brighthouse Financial during the second quarter valued at about $33,283,000. EJF Capital LLC grew its holdings in shares of Brighthouse Financial by 157.7% during the second quarter. EJF Capital LLC now owns 1,262,500 shares of the company’s stock valued at $50,588,000 after buying an additional 772,500 shares during the last quarter. Laurion Capital Management LP acquired a new position in shares of Brighthouse Financial during the second quarter valued at about $21,148,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Brighthouse Financial during the third quarter worth about $13,550,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.
Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of Brighthouse Financial from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley cut their price target on shares of Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating on the stock 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. Bank of America cut their price target on shares of Brighthouse Financial from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, B. Riley cut their price target on shares of Brighthouse Financial from $59.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, July 16th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.07.
Shares of BHF stock opened at $41.57 on Friday. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 0.55 and a beta of 1.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 0.46. Brighthouse Financial Inc has a 52 week low of $37.68 and a 52 week high of $67.55.
Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Monday, November 5th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.19 by $0.04. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $3.31 earnings per share. Research analysts predict that Brighthouse Financial Inc will post 8.17 earnings per share for the current year.
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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