Sentry Investment Management LLC bought a new stake in Brighthouse Financial Inc (NASDAQ:BHF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,274 shares of the company’s stock, valued at approximately $278,000.
Other institutional investors have also added to or reduced their stakes in the company. EJF Capital LLC increased its position in shares of Brighthouse Financial by 157.7% in the second quarter. EJF Capital LLC now owns 1,262,500 shares of the company’s stock valued at $50,588,000 after buying an additional 772,500 shares in the last quarter. Northern Trust Corp increased its position in shares of Brighthouse Financial by 20.0% in the second quarter. Northern Trust Corp now owns 1,199,113 shares of the company’s stock valued at $48,048,000 after buying an additional 199,652 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Brighthouse Financial in the third quarter valued at $37,343,000. Miller Value Partners LLC purchased a new position in shares of Brighthouse Financial in the second quarter valued at $33,283,000. Finally, Laurion Capital Management LP purchased a new position in shares of Brighthouse Financial in the second quarter valued at $21,148,000. 87.32% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on BHF shares. Morgan Stanley dropped their price target on Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday. Wells Fargo & Co set a $50.00 price target on Brighthouse Financial and gave the company a “hold” rating in a research report on Monday, November 5th. BidaskClub upgraded Brighthouse Financial from a “sell” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group upgraded Brighthouse Financial from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research report on Wednesday, August 15th. They noted that the move was a valuation call. Finally, B. Riley dropped their price target on Brighthouse Financial from $59.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, July 16th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $56.07.
Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Monday, November 5th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.04. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Brighthouse Financial had a return on equity of 5.49% and a net margin of 1.33%. During the same quarter last year, the business posted $3.31 EPS. As a group, sell-side analysts forecast that Brighthouse Financial Inc will post 8.17 earnings per share 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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