Russell Investments Group Ltd. decreased its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF – Get Rating) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159,958 shares of the company’s stock after selling 5,854 shares during the period. Russell Investments Group Ltd. owned about 0.21% of Brighthouse Financial worth $8,271,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its stake in shares of Brighthouse Financial by 1,502.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 863,242 shares of the company’s stock valued at $44,595,000 after buying an additional 809,362 shares in the last quarter. JBF Capital Inc. grew its stake in shares of Brighthouse Financial by 8,965.5% in the 4th quarter. JBF Capital Inc. now owns 262,900 shares of the company’s stock valued at $13,618,000 after buying an additional 260,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Brighthouse Financial by 10.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,239,956 shares of the company’s stock valued at $116,030,000 after buying an additional 203,134 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Brighthouse Financial by 23.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 571,053 shares of the company’s stock valued at $29,580,000 after buying an additional 107,416 shares in the last quarter. Finally, Sonic Fund II L.P. boosted its position in Brighthouse Financial by 200.0% during the fourth quarter. Sonic Fund II L.P. now owns 150,000 shares of the company’s stock worth $7,770,000 after purchasing an additional 100,000 shares during the period. Institutional investors and hedge funds own 81.47% of the company’s stock.
Brighthouse Financial Stock Performance
Shares of NASDAQ BHF opened at $45.13 on Monday. The business has a fifty day simple moving average of $42.91 and a 200 day simple moving average of $48.65. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 1.77 and a beta of 1.36. Brighthouse Financial, Inc. has a one year low of $38.38 and a one year high of $62.33.
Brighthouse Financial (NASDAQ:BHF – Get Rating) last issued its earnings results on Monday, May 9th. The company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.54. Brighthouse Financial had a return on equity of 10.54% and a net margin of 18.70%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company posted $4.86 earnings per share. Brighthouse Financial’s revenue was down 5.5% on a year-over-year basis. Sell-side analysts expect that Brighthouse Financial, Inc. will post 9.87 EPS for the current year.
Analysts Set New Price Targets
BHF has been the subject of a number of recent analyst reports. Wells Fargo & Company raised Brighthouse Financial from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $53.00 to $54.00 in a research report on Tuesday, April 12th. JPMorgan Chase & Co. decreased their target price on Brighthouse Financial from $59.00 to $50.00 in a research report on Monday, July 11th. Piper Sandler decreased their target price on Brighthouse Financial from $50.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, July 8th. Morgan Stanley decreased their target price on Brighthouse Financial from $62.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 6th. Finally, Evercore ISI cut their price target on Brighthouse Financial from $57.00 to $52.00 and set an “in-line” rating for the company in a report on Wednesday, July 6th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Brighthouse Financial has a consensus rating of “Hold” and a consensus target price of $54.60.
Brighthouse Financial Company Profile
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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