Clearbridge LLC Sells 812 Shares of Brighthouse Financial Inc (BHF)

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Clearbridge LLC reduced its position in Brighthouse Financial Inc (NASDAQ:BHF) by 0.7% in the 4th quarter, HoldingsChannel reports. The fund owned 117,744 shares of the company’s stock after selling 812 shares during the period. Clearbridge LLC’s holdings in Brighthouse Financial were worth $3,589,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Brighthouse Financial by 2.2% in the third quarter. Vanguard Group Inc. now owns 12,452,119 shares of the company’s stock worth $550,882,000 after purchasing an additional 264,892 shares in the last quarter. Vanguard Group Inc raised its holdings in Brighthouse Financial by 2.2% in the third quarter. Vanguard Group Inc now owns 12,452,119 shares of the company’s stock worth $550,882,000 after purchasing an additional 264,892 shares in the last quarter. BlackRock Inc. bought a new position in Brighthouse Financial in the third quarter worth about $472,593,000. Diamond Hill Capital Management Inc. bought a new position in Brighthouse Financial in the third quarter worth about $289,615,000. Finally, Franklin Resources Inc. raised its holdings in Brighthouse Financial by 29.2% in the third quarter. Franklin Resources Inc. now owns 4,890,582 shares of the company’s stock worth $216,360,000 after purchasing an additional 1,104,460 shares in the last quarter. Hedge funds and other institutional investors own 90.92% of the company’s stock.

BHF has been the subject of a number of recent research reports. Sandler O’Neill upgraded shares of Brighthouse Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Wells Fargo & Co reiterated a “hold” rating on shares of Brighthouse Financial in a report on Thursday, February 28th. Deutsche Bank downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Credit Suisse Group reiterated a “neutral” rating on shares of Brighthouse Financial in a report on Monday, December 31st. Finally, BidaskClub downgraded shares of Brighthouse Financial from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.44.

BHF opened at $38.77 on Friday. Brighthouse Financial Inc has a 52-week low of $28.52 and a 52-week high of $54.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market cap of $4.50 billion, a PE ratio of 5.21, a P/E/G ratio of 0.40 and a beta of 2.14.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Monday, February 11th. The company reported $1.56 EPS for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.18). The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Brighthouse Financial had a net margin of 9.65% and a return on equity of 6.53%. On average, analysts anticipate that Brighthouse Financial Inc will post 8.76 earnings per share for the current fiscal year.

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Brighthouse Financial Profile

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It offers 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

See Also: Lock-Up Period Expiration

Want to see what other hedge funds are holding BHF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brighthouse Financial Inc (NASDAQ:BHF).

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

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