Teacher Retirement System of Texas Has $988,000 Stake in Brighthouse Financial, Inc. $BHF

Teacher Retirement System of Texas boosted its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 36.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,381 shares of the company’s stock after acquiring an additional 4,922 shares during the quarter. Teacher Retirement System of Texas’ holdings in Brighthouse Financial were worth $988,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BHF. IFP Advisors Inc lifted its holdings in shares of Brighthouse Financial by 1,900.0% in the second quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $40,000 after purchasing an additional 703 shares in the last quarter. Brooklyn Investment Group raised its position in Brighthouse Financial by 42.0% in the 1st quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock valued at $44,000 after buying an additional 226 shares during the last quarter. Ameriflex Group Inc. raised its position in Brighthouse Financial by 12,371.4% in the 2nd quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock valued at $47,000 after buying an additional 866 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Brighthouse Financial by 835.2% in the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after acquiring an additional 735 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Brighthouse Financial by 7,756.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,257 shares of the company’s stock worth $68,000 after acquiring an additional 1,241 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Performance

Shares of BHF stock opened at $65.70 on Friday. The company has a fifty day moving average price of $49.54 and a two-hundred day moving average price of $52.07. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.00. The stock has a market cap of $3.75 billion, a P/E ratio of 7.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Thursday, August 7th. The company reported $3.43 earnings per share for the quarter, missing the consensus estimate of $4.70 by ($1.27). Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the firm earned $5.57 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BHF shares. Piper Sandler reiterated a “neutral” rating and issued a $53.00 price objective on shares of Brighthouse Financial in a report on Tuesday, October 7th. Evercore ISI lowered their price target on shares of Brighthouse Financial from $65.00 to $55.00 and set an “in-line” rating on the stock in a research note on Thursday, October 9th. Barclays reduced their price objective on shares of Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Morgan Stanley set a $70.00 price objective on Brighthouse Financial in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Brighthouse Financial in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Brighthouse Financial presently has an average rating of “Hold” and a consensus price target of $61.70.

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 consists of 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.