Jefferies Financial Group Inc. acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 312,710 shares of the company’s stock, valued at approximately $19,795,000. Jefferies Financial Group Inc. owned 0.54% of Brighthouse Financial at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Brighthouse Financial during the 2nd quarter valued at $3,871,000. PenderFund Capital Management Ltd. bought a new stake in Brighthouse Financial in the 2nd quarter valued at $291,000. Corient Private Wealth LP acquired a new stake in Brighthouse Financial in the 2nd quarter worth $1,787,000. Bank of America Corp DE acquired a new stake in Brighthouse Financial in the 2nd quarter worth $7,917,000. Finally, Vazirani Asset Management LLC bought a new position in shares of Brighthouse Financial during the 2nd quarter worth about $633,000,000. Institutional investors own 81.24% of the company’s stock.
Brighthouse Financial Stock Up 3.2%
NASDAQ BHF opened at $54.16 on Friday. Brighthouse Financial, Inc. has a 1-year low of $42.07 and a 1-year high of $66.80. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 4.32 and a beta of 0.87. The stock’s 50 day moving average is $61.42 and its two-hundred day moving average is $61.60. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.
Analyst Upgrades and Downgrades
BHF has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded Brighthouse Financial from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Nine equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $60.50.
View Our Latest Stock Report on Brighthouse Financial
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.
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