Brighthouse Financial, Inc. $BHF Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 71.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,497 shares of the company’s stock after purchasing an additional 16,005 shares during the period. Corient Private Wealth LLC’s holdings in Brighthouse Financial were worth $2,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC increased its holdings in Brighthouse Financial by 156.2% in the first quarter. Millennium Management LLC now owns 262,890 shares of the company’s stock valued at $15,245,000 after buying an additional 160,272 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Brighthouse Financial by 835.2% in the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after buying an additional 735 shares in the last quarter. United Services Automobile Association purchased a new stake in Brighthouse Financial during the 1st quarter worth about $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Brighthouse Financial by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 209,140 shares of the company’s stock worth $12,128,000 after buying an additional 13,245 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Brighthouse Financial by 12.5% during the 2nd quarter. Prudential Financial Inc. now owns 6,509 shares of the company’s stock worth $350,000 after acquiring an additional 725 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BHF has been the topic of a number of recent analyst reports. Argus upgraded Brighthouse Financial to a “hold” rating in a report on Thursday, March 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $67.00 target price on shares of Brighthouse Financial in a research note on Thursday, March 26th. Weiss Ratings downgraded Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Eight analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $60.86.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF opened at $63.15 on Monday. Brighthouse Financial, Inc. has a 12 month low of $42.07 and a 12 month high of $66.33. The firm has a market capitalization of $3.63 billion, a P/E ratio of -21.19 and a beta of 0.86. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.91 and a quick ratio of 0.91. The company’s fifty day moving average price is $62.45 and its 200 day moving average price is $62.65.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Wednesday, May 6th. The company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.57 by ($0.22). The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.20 billion. Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. The business’s revenue was down 29.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.17 EPS. As a group, sell-side analysts predict that Brighthouse Financial, Inc. will post 19.73 earnings per share for the current fiscal year.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.