Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Brighthouse Financial (NASDAQ:BHF) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 28,847 shares of the company’s stock, valued at approximately $1,483,000.
A number of other hedge funds have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. purchased a new stake in shares of Brighthouse Financial in the first quarter worth approximately $131,000. Dreman Value Management L L C purchased a new stake in shares of Brighthouse Financial in the first quarter worth approximately $167,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Brighthouse Financial in the first quarter worth approximately $234,000. Whittier Trust Co. purchased a new stake in shares of Brighthouse Financial in the first quarter worth approximately $242,000. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Brighthouse Financial in the first quarter worth approximately $247,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently issued reports on BHF. Wells Fargo set a $64.00 target price on Brighthouse Financial and gave the company a “hold” rating in a report on Monday, February 12th. Zacks Investment Research lowered Brighthouse Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Citigroup reaffirmed a “sell” rating on shares of Brighthouse Financial in a report on Thursday, February 22nd. BidaskClub lowered Brighthouse Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $63.00 target price on shares of Brighthouse Financial in a report on Friday, February 23rd. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $63.44.
Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Monday, May 7th. The company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.33. Brighthouse Financial had a positive return on equity of 5.93% and a negative net margin of 1.25%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.07 billion. analysts expect that Brighthouse Financial will post 8.48 EPS for the current fiscal year.
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.
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