Dynamic Technology Lab Private Ltd bought a new stake in shares of Brighthouse Financial Inc (NASDAQ:BHF) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,229 shares of the company’s stock, valued at approximately $553,000.
Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc increased its position 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 buying an additional 264,892 shares during the last quarter. Norges Bank bought a new position in shares of Brighthouse Financial in the fourth quarter worth $62,021,000. Geode Capital Management LLC boosted its holdings in shares of Brighthouse Financial by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 1,755,585 shares of the company’s stock worth $53,431,000 after acquiring an additional 159,787 shares during the period. Northern Trust Corp boosted its holdings in shares of Brighthouse Financial by 19.5% in the fourth quarter. Northern Trust Corp now owns 1,471,117 shares of the company’s stock worth $44,840,000 after acquiring an additional 240,268 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Brighthouse Financial by 3,384.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,312,804 shares of the company’s stock worth $43,000 after acquiring an additional 1,275,123 shares during the period. Institutional investors own 88.96% of the company’s stock.
BHF has been the subject of a number of analyst reports. Deutsche Bank lowered Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Citigroup lowered Brighthouse Financial from a “neutral” rating to a “sell” rating and cut their price target for the stock from $39.00 to $35.00 in a report on Thursday, April 4th. Sandler O’Neill lowered Brighthouse Financial from a “buy” rating to a “hold” rating and cut their price target for the stock from $43.00 to $42.00 in a report on Thursday, March 7th. BidaskClub raised Brighthouse Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Brighthouse Financial in a report on Thursday, February 28th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. Brighthouse Financial presently has a consensus rating of “Hold” and an average target price of $47.27.
Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Monday, May 6th. The company reported $1.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.14). The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Brighthouse Financial had a return on equity of 6.01% and a net margin of 2.49%. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.36 EPS. On average, analysts predict that Brighthouse Financial Inc will post 8.96 EPS for the current fiscal year.
In related news, Director C Edward Chaplin acquired 2,700 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average price of $36.50 per share, for a total transaction of $98,550.00. Following the completion of the acquisition, the director now owns 6,939 shares in the company, valued at $253,273.50. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.01% of the stock is currently owned by insiders.
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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 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.
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