Legal & General Group Plc Has $6.27 Million Position in Brighthouse Financial, Inc. $BHF

Legal & General Group Plc lowered its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 96,799 shares of the company’s stock after selling 17,055 shares during the quarter. Legal & General Group Plc owned about 0.17% of Brighthouse Financial worth $6,272,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Citigroup Inc. boosted its stake in Brighthouse Financial by 360.5% in the third quarter. Citigroup Inc. now owns 151,891 shares of the company’s stock worth $8,062,000 after purchasing an additional 118,909 shares in the last quarter. Gabelli Funds LLC acquired a new position in Brighthouse Financial in the third quarter worth $1,328,000. Four Tree Island Advisory LLC boosted its stake in Brighthouse Financial by 85.6% in the third quarter. Four Tree Island Advisory LLC now owns 22,762 shares of the company’s stock worth $1,210,000 after purchasing an additional 10,500 shares in the last quarter. American Century Companies Inc. boosted its stake in Brighthouse Financial by 10.4% in the third quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock worth $117,321,000 after purchasing an additional 208,630 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Brighthouse Financial in the fourth quarter worth $10,505,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BHF. Argus raised Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $67.00 price objective on shares of Brighthouse Financial in a research note on Thursday, March 26th. Finally, Weiss Ratings downgraded Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Eight equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $60.86.

Brighthouse Financial Trading Up 0.5%

BHF stock opened at $62.65 on Friday. The company has a market cap of $3.60 billion, a P/E ratio of -21.02 and a beta of 0.86. Brighthouse Financial, Inc. has a twelve month low of $42.07 and a twelve month high of $66.33. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average of $61.67 and a 200-day moving average of $62.92.

Brighthouse Financial (NASDAQ:BHF) last released its 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 firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.20 billion. Brighthouse Financial had a positive return on equity of 16.88% and a negative net margin of 1.10%.The company’s revenue was down 29.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.17 EPS. As a group, equities research analysts expect that Brighthouse Financial, Inc. will post 19.79 EPS for the current year.

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.