Brighthouse Financial, Inc. $BHF Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 64.5% in the first quarter, Holdings Channel reports. The institutional investor owned 642,800 shares of the company’s stock after acquiring an additional 251,993 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Brighthouse Financial were worth $38,491,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC boosted its stake in Brighthouse Financial by 32.6% during the 1st quarter. Gabelli Funds LLC now owns 78,064 shares of the company’s stock valued at $4,674,000 after acquiring an additional 19,200 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Brighthouse Financial by 38.8% during the first quarter. Public Employees Retirement System of Ohio now owns 61,433 shares of the company’s stock worth $3,679,000 after purchasing an additional 17,164 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Brighthouse Financial by 11.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,427 shares of the company’s stock worth $205,000 after purchasing an additional 347 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in Brighthouse Financial in the first quarter valued at about $4,036,000. Finally, Dimensional Fund Advisors LP increased its holdings in Brighthouse Financial by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,555,823 shares of the company’s stock valued at $212,926,000 after buying an additional 60,791 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wall Street Zen raised Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Eight analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Brighthouse Financial has a consensus rating of “Reduce” and an average target price of $60.50.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock opened at $63.22 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. The business’s 50 day simple moving average is $63.53 and its 200-day simple moving average is $62.59. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of -21.21 and a beta of 0.86. Brighthouse Financial, Inc. has a twelve month low of $42.07 and a twelve month high of $66.80.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.57 by ($0.22). Brighthouse Financial had a positive return on equity of 16.88% and a negative net margin of 1.10%.The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the business posted $4.17 EPS. The company’s revenue for the quarter was down 29.4% on a year-over-year basis. Equities research analysts forecast that Brighthouse Financial, Inc. will post 19.2 earnings per share 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.