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.
Get Brighthouse Financial alerts: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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