Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 74,979 Shares of Brighthouse Financial, Inc. $BHF

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 84.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,328 shares of the company’s stock after selling 74,979 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Brighthouse Financial were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV raised its holdings in Brighthouse Financial by 0.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company’s stock valued at $1,772,000 after acquiring an additional 183 shares in the last quarter. Waterfront Wealth Inc. increased its position in shares of Brighthouse Financial by 0.6% in the fourth quarter. Waterfront Wealth Inc. now owns 35,055 shares of the company’s stock worth $2,255,000 after purchasing an additional 192 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Brighthouse Financial by 66.5% in the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after purchasing an additional 226 shares during the period. J.W. Cole Advisors Inc. raised its stake in Brighthouse Financial by 0.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 32,275 shares of the company’s stock valued at $2,090,000 after purchasing an additional 273 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Brighthouse Financial by 2.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,735 shares of the company’s stock valued at $703,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Argus raised Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $67.00 price target on shares of Brighthouse Financial in a research note on Thursday, March 26th. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings lowered Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Eight analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $60.50.

Brighthouse Financial Stock Up 0.2%

Brighthouse Financial stock opened at $65.61 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.56. Brighthouse Financial, Inc. has a 12-month low of $42.07 and a 12-month high of $66.80. The firm’s fifty day moving average is $63.33 and its 200 day moving average is $62.65. The company has a market capitalization of $3.77 billion, a PE ratio of -22.02 and a beta of 0.86.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Wednesday, May 6th. The company reported $4.35 earnings per share for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.20 billion. Brighthouse Financial had a positive return on equity of 16.88% and a negative net margin of 1.10%.The company’s revenue was down 29.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.17 EPS. As a group, sell-side analysts predict that Brighthouse Financial, Inc. will post 19.41 EPS for the current fiscal 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.