Strs Ohio Purchases Shares of 30,799 Brighthouse Financial, Inc. $BHF

Strs Ohio purchased a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,799 shares of the company’s stock, valued at approximately $1,786,000. Strs Ohio owned approximately 0.05% of Brighthouse Financial at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Brighthouse Financial by 7.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 195,895 shares of the company’s stock valued at $9,411,000 after acquiring an additional 14,316 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Brighthouse Financial by 11.0% in the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company’s stock valued at $118,000 after acquiring an additional 202 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Brighthouse Financial in the 1st quarter valued at $780,000. Royal Bank of Canada boosted its holdings in shares of Brighthouse Financial by 41.0% in the 1st quarter. Royal Bank of Canada now owns 985,215 shares of the company’s stock valued at $57,134,000 after acquiring an additional 286,607 shares during the last quarter. Finally, Four Tree Island Advisory LLC purchased a new stake in shares of Brighthouse Financial in the 1st quarter valued at $699,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Stock Down 0.8%

BHF stock opened at $46.82 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. Brighthouse Financial, Inc. has a twelve month low of $42.07 and a twelve month high of $64.12. The company’s 50 day moving average is $47.56 and its two-hundred day moving average is $53.00. The stock has a market cap of $2.68 billion, a P/E ratio of 5.07 and a beta of 0.87.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Thursday, August 7th. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $4.70 by ($1.27). Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the business posted $5.57 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. Research analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BHF shares. JPMorgan Chase & Co. upped their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an “underweight” rating in a report on Tuesday, July 8th. Piper Sandler dropped their price objective on shares of Brighthouse Financial from $63.00 to $55.00 and set a “neutral” rating on the stock in a report on Thursday, July 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of Brighthouse Financial from $57.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, August 11th. Morgan Stanley lowered their price target on shares of Brighthouse Financial from $45.00 to $42.00 and set an “underweight” rating on the stock in a report on Monday, July 14th. Finally, Barclays lowered their price target on shares of Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.67.

Brighthouse Financial 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 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.