Brighthouse Financial, Inc. $BHF Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 13.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,817 shares of the company’s stock after selling 3,050 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Brighthouse Financial were worth $1,012,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of Brighthouse Financial by 1,900.0% in the second quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $40,000 after purchasing an additional 703 shares during the period. Brooklyn Investment Group raised its stake in Brighthouse Financial by 42.0% during the first quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock worth $44,000 after purchasing an additional 226 shares during the period. Ameriflex Group Inc. boosted its holdings in Brighthouse Financial by 12,371.4% in the 2nd quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock valued at $47,000 after purchasing an additional 866 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Brighthouse Financial by 835.2% in the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after buying an additional 735 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Brighthouse Financial by 7,756.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,257 shares of the company’s stock worth $68,000 after buying an additional 1,241 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Trading Down 0.3%

BHF opened at $65.21 on Friday. Brighthouse Financial, Inc. has a 52 week low of $42.07 and a 52 week high of $66.33. The business has a fifty day simple moving average of $55.46 and a 200-day simple moving average of $53.09. The firm has a market cap of $3.73 billion, a P/E ratio of 4.45 and a beta of 0.94. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.49.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays decreased their price objective on Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Wells Fargo & Company lifted their target price on Brighthouse Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Zacks Research cut Brighthouse Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. Raymond James Financial reissued a “market perform” rating on shares of Brighthouse Financial in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday, November 24th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $63.70.

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 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.