Credit Industriel ET Commercial Reduces Stock Position in Brighthouse Financial, Inc. $BHF

Credit Industriel ET Commercial trimmed its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 11.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,276 shares of the company’s stock after selling 17,920 shares during the quarter. Brighthouse Financial accounts for approximately 0.6% of Credit Industriel ET Commercial’s holdings, making the stock its 18th biggest holding. Credit Industriel ET Commercial owned approximately 0.24% of Brighthouse Financial worth $8,220,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BHF. Mercer Global Advisors Inc. ADV increased its stake in Brighthouse Financial by 0.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company’s stock worth $1,772,000 after acquiring an additional 183 shares during the last quarter. Waterfront Wealth Inc. lifted its stake in shares of Brighthouse Financial by 0.6% in the 4th quarter. Waterfront Wealth Inc. now owns 35,055 shares of the company’s stock valued at $2,255,000 after purchasing an additional 192 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Brighthouse Financial by 66.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after purchasing an additional 226 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Brighthouse Financial by 0.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 32,275 shares of the company’s stock worth $2,090,000 after purchasing an additional 273 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Brighthouse Financial by 1.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,394 shares of the company’s stock worth $976,000 after purchasing an additional 323 shares during the period. Institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BHF. Keefe, Bruyette & Woods restated a “hold” rating and set a $67.00 price target on shares of Brighthouse Financial in a report on Thursday, March 26th. Argus raised shares of Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings cut shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Eight analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $60.86.

Brighthouse Financial Trading Down 0.1%

Shares of NASDAQ BHF opened at $64.81 on Tuesday. Brighthouse Financial, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $66.33. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -21.72 and a beta of 0.86. The business’s 50 day moving average price is $62.67 and its 200-day moving average price is $62.58.

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