Corient Private Wealth LP acquired a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,231 shares of the company’s stock, valued at approximately $1,787,000.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV grew its stake in shares of Brighthouse Financial by 0.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company’s stock valued at $1,772,000 after buying an additional 183 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Brighthouse Financial by 8.7% during the 1st quarter. Parallel Advisors LLC now owns 2,795 shares of the company’s stock valued at $167,000 after buying an additional 224 shares during the period. Smartleaf Asset Management LLC lifted its position in Brighthouse Financial by 66.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after acquiring an additional 226 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in Brighthouse Financial by 0.9% during 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 in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in 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 acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.
Brighthouse Financial Stock Performance
NASDAQ:BHF opened at $53.71 on Friday. The firm has a 50-day moving average of $60.43 and a two-hundred day moving average of $61.22. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $3.09 billion, a P/E ratio of 4.29, a PEG ratio of 0.71 and a beta of 0.84. Brighthouse Financial, Inc. has a 1-year low of $42.07 and a 1-year high of $66.80.
Analyst Ratings Changes
Several analysts have issued reports on BHF shares. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Finally, 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. Nine 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 currently has a consensus rating of “Reduce” and an average target price of $60.50.
Check Out Our Latest Report on Brighthouse Financial
Brighthouse Financial 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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