29,156 Shares in Brighthouse Financial, Inc. $BHF Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,156 shares of the company’s stock, valued at approximately $1,846,000. The Manufacturers Life Insurance Company owned approximately 0.05% of Brighthouse Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Brighthouse Financial during the 2nd quarter worth $27,000. NewEdge Advisors LLC boosted its position in shares of Brighthouse Financial by 442.5% in the 4th quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock worth $28,000 after buying an additional 354 shares in the last quarter. Bessemer Group Inc. grew its stake in Brighthouse Financial by 390.3% in the 1st quarter. Bessemer Group Inc. now owns 505 shares of the company’s stock valued at $30,000 after acquiring an additional 402 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Brighthouse Financial by 66.5% in the 2nd 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 last quarter. Finally, Danske Bank A S purchased a new position in Brighthouse Financial during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Stock Up 0.2%

BHF opened at $53.71 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3.09 billion, a P/E ratio of 4.29, a PEG ratio of 0.71 and a beta of 0.84. Brighthouse Financial, Inc. has a 52 week low of $42.07 and a 52 week high of $66.80. The business’s fifty day simple moving average is $60.43 and its 200 day simple moving average is $61.22.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share for the quarter, missing the consensus estimate of $4.86 by ($0.41). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $2.18 billion. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.43 EPS. As a group, equities research analysts anticipate that Brighthouse Financial, Inc. will post 18.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BHF. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings raised shares of Brighthouse Financial from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $60.50.

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.