Stifel Financial Corp lowered its holdings in Brighthouse Financial Inc (NASDAQ:BHF) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,046 shares of the company’s stock after selling 653 shares during the quarter. Stifel Financial Corp’s holdings in Brighthouse Financial were worth $641,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Balyasny Asset Management LLC increased its stake in shares of Brighthouse Financial by 0.3% in the second quarter. Balyasny Asset Management LLC now owns 301,981 shares of the company’s stock worth $8,401,000 after acquiring an additional 1,015 shares during the period. Cipher Capital LP increased its stake in shares of Brighthouse Financial by 67.8% in the second quarter. Cipher Capital LP now owns 41,169 shares of the company’s stock worth $1,145,000 after acquiring an additional 16,634 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Brighthouse Financial in the second quarter worth $234,000. APG Asset Management N.V. acquired a new stake in shares of Brighthouse Financial in the second quarter worth $836,000. Finally, FMR LLC increased its stake in shares of Brighthouse Financial by 1,992.0% in the second quarter. FMR LLC now owns 38,200 shares of the company’s stock worth $1,063,000 after acquiring an additional 36,374 shares during the period. Hedge funds and other institutional investors own 84.78% of the company’s stock.

A number of analysts have recently weighed in on BHF shares. Morgan Stanley increased their price objective on shares of Brighthouse Financial from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 20th. Zacks Investment Research downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a report on Friday, June 19th. BidaskClub downgraded shares of Brighthouse Financial from a “sell” rating to a “strong sell” rating in a report on Friday, September 18th. Credit Suisse Group reissued a “hold” rating and set a $36.00 price target on shares of Brighthouse Financial in a report on Friday, August 7th. Finally, TheStreet raised shares of Brighthouse Financial from a “d” rating to a “c-” rating in a report on Tuesday, July 14th. Four analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $33.00.

NASDAQ:BHF opened at $25.81 on Monday. The company’s 50-day moving average price is $30.18 and its 200-day moving average price is $27.67. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.40 billion, a P/E ratio of 1.17 and a beta of 1.74. Brighthouse Financial Inc has a twelve month low of $12.05 and a twelve month high of $48.25.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($1.09). The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Brighthouse Financial had a return on equity of 4.55% and a net margin of 33.37%. During the same period in the prior year, the business posted $2.21 earnings per share. On average, analysts expect that Brighthouse Financial Inc will post 7.92 earnings per share for the current year.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment 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.

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

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