Brighthouse Financial, Inc. $BHF Shares Sold by Fruth Investment Management

Fruth Investment Management reduced its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,000 shares of the company’s stock after selling 500 shares during the quarter. Fruth Investment Management’s holdings in Brighthouse Financial were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in Brighthouse Financial during the first quarter worth about $1,786,000. BOS Asset Management LLC acquired a new position in Brighthouse Financial during the first quarter worth about $209,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Brighthouse Financial by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 209,140 shares of the company’s stock worth $12,128,000 after buying an additional 13,245 shares during the period. Woodline Partners LP acquired a new position in Brighthouse Financial during the first quarter worth about $12,536,000. Finally, United Services Automobile Association acquired a new position in Brighthouse Financial during the first quarter worth about $226,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BHF. Barclays lowered their price target on shares of Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Keefe, Bruyette & Woods dropped their price objective on shares of 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. JPMorgan Chase & Co. raised their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. Morgan Stanley dropped their price objective on shares of Brighthouse Financial from $45.00 to $42.00 and set an “underweight” rating for the company in a research note on Monday, July 14th. Finally, Piper Sandler dropped their price objective on shares of Brighthouse Financial from $63.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $59.67.

Brighthouse Financial Stock Up 0.3%

Shares of NASDAQ BHF opened at $48.88 on Friday. Brighthouse Financial, Inc. has a 1 year low of $40.85 and a 1 year high of $64.12. The firm’s 50 day moving average price is $47.80 and its 200 day moving average price is $53.28. The firm has a market cap of $2.79 billion, a P/E ratio of 5.29 and a beta of 0.87. 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) last announced its earnings results on Thursday, August 7th. The company reported $3.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.70 by ($1.27). Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the business posted $5.57 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Brighthouse Financial Company Profile

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.