Quantinno Capital Management LP Boosts Stake in Brighthouse Financial, Inc. $BHF

Quantinno Capital Management LP increased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 34.7% during the first quarter, HoldingsChannel reports. The fund owned 186,971 shares of the company’s stock after buying an additional 48,174 shares during the period. Quantinno Capital Management LP’s holdings in Brighthouse Financial were worth $11,196,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Lazard Asset Management LLC boosted its position in shares of Brighthouse Financial by 3.6% during the 1st quarter. Lazard Asset Management LLC now owns 58,770 shares of the company’s stock worth $3,519,000 after purchasing an additional 2,018 shares in the last quarter. Kryger Capital LLC acquired a new stake in shares of Brighthouse Financial in the first quarter valued at about $30,104,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Brighthouse Financial by 64.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 642,800 shares of the company’s stock worth $38,491,000 after buying an additional 251,993 shares in the last quarter. Gabelli Funds LLC boosted its holdings in Brighthouse Financial by 32.6% during the first quarter. Gabelli Funds LLC now owns 78,064 shares of the company’s stock worth $4,674,000 after buying an additional 19,200 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Brighthouse Financial by 38.8% during the first quarter. Public Employees Retirement System of Ohio now owns 61,433 shares of the company’s stock worth $3,679,000 after buying an additional 17,164 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Shares of NASDAQ BHF opened at $61.84 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $63.57 and its 200 day moving average price is $62.52. Brighthouse Financial, Inc. has a 52 week low of $42.07 and a 52 week high of $66.80. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of -20.75 and a beta of 0.87.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Wednesday, May 6th. The company reported $4.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). Brighthouse Financial had a positive return on equity of 16.88% and a negative net margin of 1.10%.The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the firm posted $4.17 EPS. The business’s revenue was down 29.4% on a year-over-year basis. As a group, research analysts forecast that Brighthouse Financial, Inc. will post 19.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings lowered Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Eight research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Brighthouse Financial has an average rating of “Reduce” and an average price target of $60.50.

About Brighthouse Financial

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.