Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $5.79 Million Stake in Brighthouse Financial, Inc. $BHF

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 508.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 89,307 shares of the company’s stock after purchasing an additional 74,639 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.16% of Brighthouse Financial worth $5,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHF. Millennium Management LLC boosted its stake in Brighthouse Financial by 156.2% in the 1st quarter. Millennium Management LLC now owns 262,890 shares of the company’s stock worth $15,245,000 after purchasing an additional 160,272 shares during the period. Jones Financial Companies Lllp boosted its stake in Brighthouse Financial by 835.2% in the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after purchasing an additional 735 shares during the period. United Services Automobile Association acquired a new position in Brighthouse Financial in the 1st quarter worth approximately $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Brighthouse Financial by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 209,140 shares of the company’s stock worth $12,128,000 after purchasing an additional 13,245 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Brighthouse Financial by 12.5% in the 2nd quarter. Prudential Financial Inc. now owns 6,509 shares of the company’s stock worth $350,000 after purchasing an additional 725 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Argus raised shares of Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $67.00 target price on shares of Brighthouse Financial in a research report on Thursday, March 26th. Eight analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $60.86.

Brighthouse Financial Stock Down 0.7%

BHF stock opened at $62.24 on Wednesday. Brighthouse Financial, Inc. has a 12-month low of $42.07 and a 12-month high of $66.33. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.56. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -20.89 and a beta of 0.86. The company has a 50 day moving average of $61.48 and a two-hundred day moving average of $63.00.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Thursday, May 7th. The company reported $4.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). Brighthouse Financial had a positive return on equity of 16.88% and a negative net margin of 1.10%.The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the company earned $4.17 EPS. The firm’s quarterly revenue was down 29.4% compared to the same quarter last year. On average, equities analysts anticipate that Brighthouse Financial, Inc. will post 19.79 earnings per share for the current fiscal year.

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.