Brighthouse Financial, Inc. $BHF Holdings Trimmed by Strs Ohio

Strs Ohio lowered its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 96.4% in the third quarter, Holdings Channel.com reports. The firm owned 1,366 shares of the company’s stock after selling 36,701 shares during the period. Strs Ohio’s holdings in Brighthouse Financial were worth $73,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BHF. Olympiad Research LP purchased a new stake in Brighthouse Financial in the 3rd quarter worth about $240,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Brighthouse Financial by 8.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 31,221 shares of the company’s stock valued at $1,518,000 after purchasing an additional 2,519 shares during the period. Campbell & CO Investment Adviser LLC lifted its position in shares of Brighthouse Financial by 86.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 19,191 shares of the company’s stock worth $1,019,000 after purchasing an additional 8,919 shares in the last quarter. Bogart Wealth LLC boosted its holdings in shares of Brighthouse Financial by 2.7% during the third quarter. Bogart Wealth LLC now owns 212,366 shares of the company’s stock worth $11,272,000 after purchasing an additional 5,606 shares during the period. Finally, Quent Capital LLC purchased a new position in Brighthouse Financial during the third quarter valued at approximately $53,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF opened at $63.85 on Thursday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 4.36 and a beta of 0.97. The business has a 50-day moving average of $64.74 and a two-hundred day moving average of $55.97. Brighthouse Financial, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $66.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.95 and a quick ratio of 0.95.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Friday, November 7th. The company reported $4.54 earnings per share for the quarter, missing analysts’ consensus estimates of $5.09 by ($0.55). Brighthouse Financial had a net margin of 15.39% and a return on equity of 20.59%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the business posted $3.99 earnings per share. The firm’s revenue was down 10.0% on a year-over-year basis. On average, equities research analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $70.00 target price on shares of Brighthouse Financial in a research report on Thursday, November 6th. Barclays cut Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective for the company. in a research report on Thursday, January 8th. Raymond James Financial reaffirmed a “market perform” rating on shares of Brighthouse Financial in a research report on Wednesday, November 12th. Wells Fargo & Company lifted their price target on Brighthouse Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 17th. Eight investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Brighthouse Financial presently has an average rating of “Reduce” and an average price target of $63.67.

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.