BlackRock Inc. cut its position in shares of Brighthouse Financial Inc (NASDAQ:BHF) by 7.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,408,013 shares of the company’s stock after selling 738,740 shares during the period. BlackRock Inc. owned 8.11% of Brighthouse Financial worth $341,418,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in Brighthouse Financial by 387.3% in the 1st quarter. Signaturefd LLC now owns 731 shares of the company’s stock valued at $27,000 after buying an additional 581 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Brighthouse Financial in the 1st quarter valued at approximately $7,785,000. Parametric Portfolio Associates LLC grew its holdings in Brighthouse Financial by 22.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 436,016 shares of the company’s stock valued at $15,823,000 after buying an additional 79,333 shares during the last quarter. First Trust Advisors LP grew its holdings in Brighthouse Financial by 52.1% in the 1st quarter. First Trust Advisors LP now owns 22,118 shares of the company’s stock valued at $803,000 after buying an additional 7,577 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Brighthouse Financial by 6.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 489,011 shares of the company’s stock valued at $17,695,000 after buying an additional 30,022 shares during the last quarter. 88.96% of the stock is owned by institutional investors.
Shares of NASDAQ:BHF opened at $38.42 on Thursday. Brighthouse Financial Inc has a 1-year low of $28.52 and a 1-year high of $47.90. The company has a market cap of $4.54 billion, a PE ratio of 5.57, a PEG ratio of 0.38 and a beta of 2.16. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.29.
Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Monday, May 6th. The company reported $1.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.14). Brighthouse Financial had a return on equity of 6.01% and a net margin of 2.49%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business posted $2.36 EPS. Brighthouse Financial’s revenue for the quarter was down 6.9% compared to the same quarter last year. Research analysts expect that Brighthouse Financial Inc will post 8.96 EPS for the current year.
BHF has been the topic of a number of research analyst reports. Deutsche Bank lowered Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Citigroup lowered Brighthouse Financial from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $39.00 to $35.00 in a report on Thursday, April 4th. Sandler O’Neill lowered Brighthouse Financial from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $43.00 to $42.00 in a report on Thursday, March 7th. BidaskClub raised Brighthouse Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Finally, Zacks Investment Research lowered Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. Brighthouse Financial has an average rating of “Hold” and a consensus target price of $47.27.
In related news, Director C Edward Chaplin purchased 2,700 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of $36.50 per share, with a total value of $98,550.00. Following the purchase, the director now directly owns 6,939 shares in the company, valued at $253,273.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.01% of the stock is owned by insiders.
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Brighthouse Financial Company 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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