Rhumbline Advisers Lowers Stock Holdings in Brighthouse Financial, Inc. $BHF

Rhumbline Advisers cut its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 160,967 shares of the company’s stock after selling 2,054 shares during the quarter. Rhumbline Advisers’ holdings in Brighthouse Financial were worth $9,334,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BHF. Versant Capital Management Inc increased its holdings in Brighthouse Financial by 188.0% during the 1st quarter. Versant Capital Management Inc now owns 622 shares of the company’s stock worth $36,000 after purchasing an additional 406 shares during the period. Brooklyn Investment Group grew its position in shares of Brighthouse Financial by 42.0% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock worth $44,000 after buying an additional 226 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Brighthouse Financial by 835.2% during the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after buying an additional 735 shares during the period. UMB Bank n.a. increased its stake in shares of Brighthouse Financial by 101.7% during the first quarter. UMB Bank n.a. now owns 1,200 shares of the company’s stock valued at $70,000 after buying an additional 605 shares during the period. Finally, Siemens Fonds Invest GmbH bought a new stake in shares of Brighthouse Financial in the fourth quarter valued at about $94,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Trading Down 0.1%

Shares of NASDAQ:BHF opened at $48.75 on Thursday. The business’s 50-day moving average is $47.87 and its 200 day moving average is $53.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. Brighthouse Financial, Inc. has a 1 year low of $40.00 and a 1 year high of $64.12. The firm has a market capitalization of $2.79 billion, a P/E ratio of 5.28 and a beta of 0.87.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Thursday, August 7th. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.70 by ($1.27). The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $5.57 EPS. On average, research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Keefe, Bruyette & Woods dropped their price objective on shares of Brighthouse Financial from $57.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, August 11th. JPMorgan Chase & Co. boosted their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. Morgan Stanley lowered their target price on Brighthouse Financial from $45.00 to $42.00 and set an “underweight” rating for the company in a report on Monday, July 14th. Finally, Wells Fargo & Company lifted their price target on Brighthouse Financial from $53.00 to $54.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $59.67.

About Brighthouse Financial

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 consists of 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.