Nomura Holdings Inc. Sells 27,343 Shares of Brighthouse Financial Inc (BHF)

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Nomura Holdings Inc. decreased its holdings in shares of Brighthouse Financial Inc (NASDAQ:BHF) by 67.2% in the 4th quarter, Holdings Channel reports. The firm owned 13,358 shares of the company’s stock after selling 27,343 shares during the quarter. Nomura Holdings Inc.’s holdings in Brighthouse Financial were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 264,892 shares during the period. Vanguard Group Inc lifted its holdings 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 purchasing an additional 264,892 shares during the period. BlackRock Inc. acquired a new stake in Brighthouse Financial in the third quarter worth about $472,593,000. Diamond Hill Capital Management Inc. acquired a new stake in Brighthouse Financial in the third quarter worth about $289,615,000. Finally, Franklin Resources Inc. lifted its holdings in Brighthouse Financial by 29.2% in the third quarter. Franklin Resources Inc. now owns 4,890,582 shares of the company’s stock worth $216,360,000 after purchasing an additional 1,104,460 shares during the period. Hedge funds and other institutional investors own 90.92% of the company’s stock.

Shares of NASDAQ BHF opened at $39.57 on Monday. Brighthouse Financial Inc has a twelve month low of $28.52 and a twelve month high of $54.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 5.32, a price-to-earnings-growth ratio of 0.40 and a beta of 2.14.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Monday, February 11th. The company reported $1.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.18). Brighthouse Financial had a net margin of 9.65% and a return on equity of 6.53%. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $2.05 billion. On average, equities research analysts forecast that Brighthouse Financial Inc will post 8.76 EPS for the current year.

BHF has been the subject of several research analyst reports. Wells Fargo & Co reaffirmed a “hold” rating on shares of Brighthouse Financial in a report on Tuesday, January 8th. Sandler O’Neill raised shares of Brighthouse Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Deutsche Bank downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Zacks Investment Research downgraded shares of Brighthouse Financial from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Finally, BidaskClub raised shares of Brighthouse Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $50.44.

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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.

See Also: Fundamental Analysis

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Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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