VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) by 57.4% in the fourth quarter, HoldingsChannel reports. The firm owned 8,950 shares of the company’s stock after selling 12,050 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Brighthouse Financial were worth $580,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. UBS Group AG boosted its stake in shares of Brighthouse Financial by 98.1% in the 3rd quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock valued at $181,177,000 after buying an additional 1,690,064 shares during the period. AQR Capital Management LLC lifted its stake in Brighthouse Financial by 190.7% in the third quarter. AQR Capital Management LLC now owns 1,396,245 shares of the company’s stock worth $74,113,000 after acquiring an additional 915,902 shares during the last quarter. Freestone Grove Partners LP acquired a new position in Brighthouse Financial during the 3rd quarter worth approximately $31,465,000. SG Americas Securities LLC grew its holdings in Brighthouse Financial by 231.5% during the 4th quarter. SG Americas Securities LLC now owns 341,502 shares of the company’s stock worth $22,126,000 after acquiring an additional 238,478 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Brighthouse Financial by 10.4% in the 3rd quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock valued at $117,321,000 after purchasing an additional 208,630 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on BHF. Argus raised shares of Brighthouse Financial to a “hold” rating in a research report 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. Zacks Research downgraded Brighthouse Financial from a “hold” rating to a “strong sell” rating in a report on Monday, March 30th. Finally, 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. Seven investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $60.86.
Brighthouse Financial Trading Up 0.3%
Shares of BHF opened at $62.70 on Tuesday. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year 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 capitalization of $3.60 billion, a P/E ratio of -21.04 and a beta of 0.87. The stock has a 50-day moving average price of $60.95 and a 200 day moving average price of $62.62.
Brighthouse Financial (NASDAQ:BHF – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the company earned $4.17 earnings per share. The company’s revenue was down 29.4% compared to the same quarter last year. Sell-side analysts forecast that Brighthouse Financial, Inc. will post 19.52 EPS for the current fiscal year.
Brighthouse Financial Company Profile
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.
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