Strs Ohio Grows Stock Holdings in Brighthouse Financial, Inc. $BHF

by · The Markets Daily

Strs Ohio raised its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) by 23.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,067 shares of the company’s stock after buying an additional 7,268 shares during the quarter. Strs Ohio’s holdings in Brighthouse Financial were worth $2,047,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BHF. IFP Advisors Inc lifted its position in Brighthouse Financial by 1,900.0% during the second quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $40,000 after acquiring an additional 703 shares during the last quarter. Brooklyn Investment Group lifted its position in Brighthouse Financial by 42.0% during the first quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock valued at $44,000 after acquiring an additional 226 shares during the last quarter. Ameriflex Group Inc. lifted its holdings in shares of Brighthouse Financial by 12,371.4% during the 2nd quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock valued at $47,000 after purchasing an additional 866 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Brighthouse Financial by 835.2% during the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after purchasing an additional 735 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Brighthouse Financial by 7,756.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,257 shares of the company’s stock valued at $68,000 after purchasing an additional 1,241 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Stock Performance

NASDAQ BHF opened at $54.29 on Wednesday. The stock has a 50-day simple moving average of $49.06 and a two-hundred day simple moving average of $51.98. The firm has a market capitalization of $3.10 billion, a P/E ratio of 5.88 and a beta of 0.94. Brighthouse Financial, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $64.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BHF shares. Evercore ISI decreased their price objective on Brighthouse Financial from $65.00 to $55.00 and set an “in-line” rating for the company in a report on Thursday, October 9th. Keefe, Bruyette & Woods decreased their price target on Brighthouse Financial from $57.00 to $50.00 and set a “market perform” rating for the company in a research note on Monday, August 11th. Morgan Stanley increased their price objective on shares of Brighthouse Financial from $42.00 to $46.00 and gave the company an “underweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Brighthouse Financial in a research report on Tuesday, October 14th. Finally, Barclays decreased their price target on shares of Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.30.

Check Out Our Latest Stock Report on BHF

About Brighthouse Financial

(Free Report)

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.

See Also

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