Polianta Ltd purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Get Rating) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 14,700 shares of the company's stock, valued at approximately $602,000.
Other institutional investors have also recently made changes to their positions in the company. Independent Advisor Alliance increased its holdings in shares of Brighthouse Financial by 83.8% during the 1st quarter. Independent Advisor Alliance now owns 19,487 shares of the company's stock worth $1,007,000 after acquiring an additional 8,885 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Brighthouse Financial by 30.4% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 81,400 shares of the company's stock worth $4,205,000 after purchasing an additional 19,000 shares in the last quarter. Gillson Capital LP acquired a new position in shares of Brighthouse Financial during the 1st quarter worth approximately $3,238,000. Corsair Capital Management L.P. increased its holdings in shares of Brighthouse Financial by 145.0% during the fourth quarter. Corsair Capital Management L.P. now owns 15,687 shares of the company's stock worth $813,000 after purchasing an additional 9,283 shares during the period. Finally, Swiss National Bank raised its position in shares of Brighthouse Financial by 3.2% in the first quarter. Swiss National Bank now owns 188,700 shares of the company's stock valued at $9,748,000 after buying an additional 5,800 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company's stock.
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Brighthouse Financial Price Performance
Shares of NASDAQ:BHF opened at $43.89 on Tuesday. Brighthouse Financial, Inc. has a one year low of $38.38 and a one year high of $62.33. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 1.70 and a beta of 1.30. The firm has a 50 day simple moving average of $46.79 and a 200 day simple moving average of $47.42.
Brighthouse Financial (NASDAQ:BHF – Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $3.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.83 by $0.46. Brighthouse Financial had a net
margin of 18.70% and a return on equity of 11.46%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the business posted $5.32 earnings per share. The company's quarterly revenue was down 11.0% on a year-over-year basis. Research analysts predict that Brighthouse Financial, Inc. will post 11.58 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
BHF has been the topic of a number of recent research reports. Piper Sandler lowered their price objective on Brighthouse Financial from $50.00 to $43.00 and set a "neutral" rating on the stock in a research note on Friday, July 8th. JPMorgan Chase & Co. decreased their price target on Brighthouse Financial from $59.00 to $50.00 in a research report on Monday, July 11th. Barclays upped their price objective on shares of Brighthouse Financial from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Monday, August 8th. Evercore ISI decreased their target price on shares of Brighthouse Financial from $57.00 to $52.00 and set an "in-line" rating on the stock in a report on Wednesday, July 6th. Finally, Morgan Stanley increased their price target on shares of Brighthouse Financial from $54.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 17th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Brighthouse Financial has an average rating of "Hold" and an average target price of $55.10.
Brighthouse Financial Profile
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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 offers 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.
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