Grace & White Inc. NY purchased a new stake in shares of Brighthouse Financial Inc (NASDAQ:BHF) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 126,629 shares of the company’s stock, valued at approximately $5,602,000. Grace & White Inc. NY owned approximately 0.11% of Brighthouse Financial at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP purchased a new stake in Brighthouse Financial in the first quarter worth $41,722,000. Russell Investments Group Ltd. purchased a new position in shares of Brighthouse Financial during the first quarter valued at $2,814,000. Stifel Financial Corp purchased a new position in shares of Brighthouse Financial during the first quarter valued at $1,426,000. Principal Financial Group Inc. purchased a new position in shares of Brighthouse Financial during the first quarter valued at $6,897,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Brighthouse Financial during the first quarter valued at $368,000. Institutional investors own 87.44% of the company’s stock.
Several equities analysts have recently commented on BHF shares. ValuEngine lowered Brighthouse Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Barclays lowered Brighthouse Financial from an “overweight” rating to an “underweight” rating and set a $60.00 price target on the stock. in a research note on Friday, August 10th. Credit Suisse Group upgraded Brighthouse Financial from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a research note on Wednesday, August 15th. They noted that the move was a valuation call. BidaskClub upgraded Brighthouse Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th. Finally, Bank of America restated a “neutral” rating and set a $47.00 price target on shares of Brighthouse Financial in a research note on Wednesday, October 3rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $56.43.
Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Monday, August 6th. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.69). Brighthouse Financial had a negative net margin of 7.88% and a positive return on equity of 5.58%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.05 billion. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that Brighthouse Financial Inc will post 8.19 EPS for the current 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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