Teacher Retirement System of Texas Has $238,000 Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Teacher Retirement System of Texas trimmed its stake in Brighthouse Financial, Inc. (NASDAQ:BHFFree Report) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,499 shares of the company’s stock after selling 738 shares during the period. Teacher Retirement System of Texas’ holdings in Brighthouse Financial were worth $238,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BHF. Bogart Wealth LLC increased its stake in shares of Brighthouse Financial by 4.4% in the 4th quarter. Bogart Wealth LLC now owns 200,576 shares of the company’s stock valued at $10,614,000 after acquiring an additional 8,367 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Brighthouse Financial by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 441,234 shares of the company’s stock worth $23,350,000 after acquiring an additional 8,471 shares during the last quarter. M&T Bank Corp lifted its position in Brighthouse Financial by 7.2% in the 4th quarter. M&T Bank Corp now owns 10,516 shares of the company’s stock valued at $557,000 after acquiring an additional 710 shares in the last quarter. Summit Global Investments boosted its stake in Brighthouse Financial by 8.6% during the 4th quarter. Summit Global Investments now owns 24,691 shares of the company’s stock valued at $1,307,000 after purchasing an additional 1,946 shares during the last quarter. Finally, First Trust Direct Indexing L.P. bought a new stake in Brighthouse Financial during the 4th quarter worth approximately $206,000. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Price Performance

BHF opened at $42.27 on Thursday. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -2.22 and a beta of 1.14. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $47.95 and a 200-day moving average price of $49.68. Brighthouse Financial, Inc. has a twelve month low of $39.62 and a twelve month high of $56.24.

Brighthouse Financial (NASDAQ:BHFGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.29. Brighthouse Financial had a positive return on equity of 23.49% and a negative net margin of 38.05%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the business posted $2.86 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Brighthouse Financial, Inc. will post 16.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Piper Sandler cut their target price on Brighthouse Financial from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, May 10th. Wells Fargo & Company reduced their price objective on shares of Brighthouse Financial from $51.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $50.00 target price on shares of Brighthouse Financial in a research note on Friday, February 16th. Finally, Morgan Stanley downgraded Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price target for the company. in a research report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.29.

Check Out Our Latest Analysis on BHF

Brighthouse Financial Company Profile

(Free Report)

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 consists of 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.

See Also

Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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