61,158 Shares in Brighthouse Financial, Inc. $BHF Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in Brighthouse Financial, Inc. (NASDAQ:BHF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 61,158 shares of the company’s stock, valued at approximately $3,871,000.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in Brighthouse Financial during the 2nd quarter valued at $341,422,000. HBK Investments L P bought a new stake in shares of Brighthouse Financial during the fourth quarter worth $136,059,000. Glazer Capital LLC purchased a new stake in shares of Brighthouse Financial during the fourth quarter valued at $113,252,000. UBS Group AG grew its holdings in shares of Brighthouse Financial by 98.1% in the third quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock worth $181,177,000 after purchasing an additional 1,690,064 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Brighthouse Financial by 190.7% in the third quarter. AQR Capital Management LLC now owns 1,396,245 shares of the company’s stock worth $74,113,000 after purchasing an additional 915,902 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

BHF has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings raised shares of Brighthouse Financial from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Nine equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $60.50.

Brighthouse Financial Stock Performance

Shares of Brighthouse Financial stock opened at $53.71 on Friday. The firm has a market cap of $3.09 billion, a P/E ratio of 4.29, a P/E/G ratio of 0.71 and a beta of 0.84. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. Brighthouse Financial, Inc. has a 12 month low of $42.07 and a 12 month high of $66.80. The stock’s fifty day moving average price is $60.43 and its 200-day moving average price is $61.22.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 earnings per share for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.41). Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the company earned $3.43 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts expect that Brighthouse Financial, Inc. will post 18.91 earnings per share for the current fiscal year.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.