State of New Jersey Common Pension Fund D Purchases 13,774 Shares of Brighthouse Financial, Inc. $BHF

State of New Jersey Common Pension Fund D grew its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 43.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,822 shares of the company’s stock after purchasing an additional 13,774 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Brighthouse Financial were worth $2,432,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHF. Smartleaf Asset Management LLC boosted its position in shares of Brighthouse Financial by 66.5% in the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after acquiring an additional 226 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Brighthouse Financial by 225.5% in the third quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock valued at $35,000 after buying an additional 460 shares during the period. Jones Financial Companies Lllp grew its position in Brighthouse Financial by 835.2% during the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after buying an additional 735 shares in the last quarter. Byrne Asset Management LLC bought a new position in Brighthouse Financial during the third quarter valued at about $50,000. Finally, Quent Capital LLC acquired a new position in Brighthouse Financial in the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Stock Up 0.4%

NASDAQ:BHF opened at $63.93 on Friday. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 4.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s fifty day moving average price is $64.36 and its two-hundred day moving average price is $57.26. Brighthouse Financial, Inc. has a 52-week low of $42.07 and a 52-week high of $66.33.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays lowered Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday, December 29th. Raymond James Financial reaffirmed a “market perform” rating on shares of Brighthouse Financial in a research note on Wednesday, November 12th. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 17th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Brighthouse Financial from $50.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, November 7th. Eight equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $63.67.

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.