Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 74,639 Shares of Brighthouse Financial, Inc. $BHF

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 508.9% during the fourth quarter, Holdings Channel reports. 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’s holdings in Brighthouse Financial were worth $5,786,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of Brighthouse Financial by 66.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after purchasing an additional 226 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of Brighthouse Financial by 540.4% during the 3rd quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock valued at $34,000 after purchasing an additional 535 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Brighthouse Financial by 225.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock valued at $35,000 after purchasing an additional 460 shares in the last quarter. Danske Bank A S bought a new position in shares of Brighthouse Financial during the 3rd quarter valued at $37,000. Finally, Torren Management LLC bought a new position in shares of Brighthouse Financial during the 4th quarter valued at $50,000. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Performance

Shares of BHF opened at $62.24 on Wednesday. The company has a market capitalization of $3.58 billion, a PE ratio of -20.89 and a beta of 0.86. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.33. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.91 and a quick ratio of 0.91. The company’s fifty day moving average price is $61.48 and its 200 day moving average price is $63.00.

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

Wall Street Analysts Forecast Growth

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

Brighthouse Financial Company 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.