28,334 Shares in Brighthouse Financial (BHF) Acquired by Stifel Financial Corp

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Stifel Financial Corp bought a new position in shares of Brighthouse Financial (NASDAQ:BHF) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,334 shares of the company’s stock, valued at approximately $1,426,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. acquired a new stake in Brighthouse Financial during the first quarter worth approximately $5,493,000. Aperio Group LLC bought a new position in Brighthouse Financial in the first quarter worth approximately $3,819,000. Fruth Investment Management bought a new position in Brighthouse Financial in the first quarter worth approximately $1,227,000. Busey Trust CO bought a new position in Brighthouse Financial in the first quarter worth approximately $6,052,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in Brighthouse Financial in the first quarter worth approximately $987,000. 86.66% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial opened at $43.23 on Tuesday, Marketbeat reports. Brighthouse Financial has a twelve month low of $43.11 and a twelve month high of $75.00. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.26.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Monday, May 7th. The company reported $2.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.33. Brighthouse Financial had a positive return on equity of 5.93% and a negative net margin of 1.25%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.07 billion. equities research analysts predict that Brighthouse Financial will post 8.44 earnings per share for the current year.

Several research analysts have issued reports on BHF shares. Zacks Investment Research lowered Brighthouse Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Credit Suisse Group started coverage on Brighthouse Financial in a report on Wednesday, April 25th. They issued an “underperform” rating and a $44.00 price target on the stock. Sandler O’Neill set a $53.00 price target on Brighthouse Financial and gave the stock a “hold” rating in a report on Monday, April 2nd. BidaskClub lowered Brighthouse Financial from a “sell” rating to a “strong sell” rating in a report on Saturday, May 12th. Finally, Wells Fargo & Co set a $59.00 price target on Brighthouse Financial and gave the stock a “hold” rating in a report on Friday, March 23rd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $62.66.

About Brighthouse Financial

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It offers 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

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Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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