Brighthouse Financial, Inc. $BHF Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 18.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 466,560 shares of the company’s stock after buying an additional 72,069 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.81% of Brighthouse Financial worth $25,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc raised its holdings in Brighthouse Financial by 1,900.0% in the 2nd quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $40,000 after acquiring an additional 703 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Brighthouse Financial by 42.0% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock worth $44,000 after purchasing an additional 226 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Brighthouse Financial by 835.2% in the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after purchasing an additional 735 shares in the last quarter. Ameriflex Group Inc. increased its holdings in shares of Brighthouse Financial by 12,371.4% in the second 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. Finally, Caitong International Asset Management Co. Ltd lifted its position in Brighthouse Financial by 7,756.3% during the second 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 in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BHF has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Brighthouse Financial from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Raymond James Financial restated a “market perform” rating on shares of Brighthouse Financial in a report on Wednesday, November 12th. Zacks Research lowered shares of Brighthouse Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Keefe, Bruyette & Woods upped their price objective on Brighthouse Financial from $50.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brighthouse Financial in a research note on Monday, December 1st. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $63.70.

Brighthouse Financial Price Performance

NASDAQ:BHF opened at $65.35 on Friday. Brighthouse Financial, Inc. has a 12-month low of $42.07 and a 12-month high of $66.33. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 4.46 and a beta of 0.97. The company’s 50-day moving average is $56.54 and its two-hundred day moving average is $53.27. The company has a current ratio of 0.95, a quick 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 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 firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm earned $3.99 EPS. The business’s quarterly revenue was down 10.0% on a year-over-year basis. Research analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

About Brighthouse Financial

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.