Brighthouse Financial Inc (BHF) Holdings Trimmed by Texas Permanent School Fund

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Texas Permanent School Fund decreased its holdings in Brighthouse Financial Inc (NASDAQ:BHF) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,890 shares of the company’s stock after selling 2,338 shares during the quarter. Texas Permanent School Fund’s holdings in Brighthouse Financial were worth $1,190,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. EJF Capital LLC raised its position in Brighthouse Financial by 157.7% in the 2nd quarter. EJF Capital LLC now owns 1,262,500 shares of the company’s stock worth $50,588,000 after buying an additional 772,500 shares during the last quarter. Northern Trust Corp raised its position in Brighthouse Financial by 20.0% in the 2nd quarter. Northern Trust Corp now owns 1,199,113 shares of the company’s stock worth $48,048,000 after buying an additional 199,652 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Brighthouse Financial in the 3rd quarter worth about $37,343,000. Miller Value Partners LLC purchased a new stake in shares of Brighthouse Financial during the 2nd quarter valued at about $33,283,000. Finally, Laurion Capital Management LP purchased a new stake in shares of Brighthouse Financial during the 2nd quarter valued at about $21,148,000. 87.32% of the stock is owned by institutional investors and hedge funds.

BHF has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday. Wells Fargo & Co set a $50.00 price target on shares of Brighthouse Financial and gave the company a “hold” rating in a research report on Monday, November 5th. BidaskClub raised shares of Brighthouse Financial from a “sell” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group raised shares of Brighthouse Financial from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research report on Wednesday, August 15th. They noted that the move was a valuation call. Finally, B. Riley reduced their price target on shares of Brighthouse Financial from $59.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, July 16th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $56.07.

NASDAQ BHF opened at $41.57 on Friday. Brighthouse Financial Inc has a 52 week low of $37.68 and a 52 week high of $67.55. The stock has a market cap of $5.12 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.55 and a beta of 1.56. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.31.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Monday, November 5th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.04. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.05 billion. Brighthouse Financial had a return on equity of 5.49% and a net margin of 1.33%. During the same period in the previous year, the company posted $3.31 EPS. Sell-side analysts forecast that Brighthouse Financial Inc will post 8.17 EPS for the current fiscal year.

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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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