Legal & General Group Plc purchased a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 79,142 shares of the company’s stock, valued at approximately $5,010,000. Legal & General Group Plc owned approximately 0.14% of Brighthouse Financial as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Mercer Global Advisors Inc. ADV grew its stake in shares of Brighthouse Financial by 0.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company’s stock worth $1,772,000 after buying an additional 183 shares in the last quarter. Parallel Advisors LLC raised its position in Brighthouse Financial by 8.7% during the first quarter. Parallel Advisors LLC now owns 2,795 shares of the company’s stock valued at $167,000 after purchasing an additional 224 shares during the period. Smartleaf Asset Management LLC increased its position in Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after acquiring an additional 226 shares during the last quarter. J.W. Cole Advisors Inc. lifted 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 acquiring an additional 273 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Brighthouse Financial by 2.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,735 shares of the company’s stock worth $703,000 after purchasing an additional 300 shares during the period. Institutional investors own 81.24% of the company’s stock.
Brighthouse Financial Trading Up 0.2%
BHF opened at $53.71 on Friday. Brighthouse Financial, Inc. has a 52 week low of $42.07 and a 52 week high of $66.80. The company has a market capitalization of $3.09 billion, a P/E ratio of 4.29, a PEG ratio of 0.71 and a beta of 0.84. The stock’s fifty day moving average is $60.43 and its two-hundred day moving average is $61.22. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Brighthouse Financial from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Brighthouse Financial currently has an average rating of “Reduce” and an average target price of $60.50.
Get 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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