Northpointe Capital LLC raised its position in shares of Brighthouse Financial Inc (NASDAQ:BHF) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,113 shares of the company’s stock after purchasing an additional 1,337 shares during the period. Northpointe Capital LLC owned 0.07% of Brighthouse Financial worth $2,798,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System purchased a new stake in shares of Brighthouse Financial during the 1st quarter worth about $225,000. Peregrine Capital Management LLC acquired a new position in shares of Brighthouse Financial during the 1st quarter valued at about $7,883,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Brighthouse Financial during the 1st quarter valued at about $207,000. DNB Asset Management AS increased its holdings in shares of Brighthouse Financial by 272.3% during the 1st quarter. DNB Asset Management AS now owns 43,567 shares of the company’s stock valued at $1,581,000 after acquiring an additional 31,865 shares during the last quarter. Finally, First Hawaiian Bank increased its holdings in shares of Brighthouse Financial by 18.9% during the 1st quarter. First Hawaiian Bank now owns 2,616 shares of the company’s stock valued at $95,000 after acquiring an additional 416 shares during the last quarter. 94.12% of the stock is owned by institutional investors.
BHF has been the topic of a number of analyst reports. BidaskClub raised Brighthouse Financial from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Deutsche Bank lowered Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Sandler O’Neill raised Brighthouse Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Credit Suisse Group reissued a “neutral” rating on shares of Brighthouse Financial in a report on Monday, December 31st. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Brighthouse Financial in a report on Tuesday, January 8th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Brighthouse Financial presently has an average rating of “Hold” and an average price target of $47.64.
BHF traded up $0.10 during midday trading on Wednesday, reaching $41.67. The company’s stock had a trading volume of 29,311 shares, compared to its average volume of 3,202,785. The firm has a market capitalization of $4.85 billion, a P/E ratio of 5.64, a price-to-earnings-growth ratio of 0.39 and a beta of 2.11. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.27. Brighthouse Financial Inc has a twelve month low of $28.52 and a twelve month high of $52.77.
Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Monday, February 11th. The company reported $1.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.18). The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $2.05 billion. Brighthouse Financial had a net margin of 9.65% and a return on equity of 6.53%. As a group, analysts anticipate that Brighthouse Financial Inc will post 8.99 earnings per share for the current year.
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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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