Brighthouse Financial, Inc. $BHF Stock Position Raised by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 38.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,433 shares of the company’s stock after acquiring an additional 17,164 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Brighthouse Financial were worth $3,679,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in Brighthouse Financial by 442.5% in the fourth quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock valued at $28,000 after acquiring an additional 354 shares during the period. Bessemer Group Inc. raised its position in shares of Brighthouse Financial by 390.3% during the 1st quarter. Bessemer Group Inc. now owns 505 shares of the company’s stock worth $30,000 after purchasing an additional 402 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Brighthouse Financial by 66.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after purchasing an additional 226 shares during the last quarter. Danske Bank A S bought a new stake in shares of Brighthouse Financial in the 3rd quarter worth approximately $37,000. Finally, Torren Management LLC bought a new stake in shares of Brighthouse Financial in the 4th quarter worth approximately $50,000. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF opened at $63.45 on Friday. The firm’s 50 day moving average is $63.59 and its two-hundred day moving average is $62.55. Brighthouse Financial, Inc. has a 52 week low of $42.07 and a 52 week high of $66.80. The firm has a market capitalization of $3.65 billion, a P/E ratio of -21.29 and a beta of 0.86. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BHF. Weiss Ratings downgraded Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Wall Street Zen upgraded Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Finally, Zacks Research raised shares of 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price 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.