Brighthouse Financial Inc (BHF) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in shares of Brighthouse Financial Inc (NASDAQ:BHF) by 30.0% during the third quarter, Holdings Channel reports. The fund owned 30,927 shares of the company’s stock after buying an additional 7,140 shares during the quarter. State of Alaska Department of Revenue’s holdings in Brighthouse Financial were worth $1,367,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Hexavest Inc. bought a new position in shares of Brighthouse Financial during the 2nd quarter worth about $158,000. Blair William & Co. IL bought a new position in shares of Brighthouse Financial during the 1st quarter worth about $220,000. Verition Fund Management LLC bought a new position in shares of Brighthouse Financial during the 1st quarter worth about $278,000. Jane Street Group LLC bought a new position in shares of Brighthouse Financial during the 1st quarter worth about $301,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Brighthouse Financial during the 1st quarter worth about $368,000. 87.41% of the stock is currently owned by institutional investors.

Shares of NASDAQ BHF opened at $41.98 on Friday. Brighthouse Financial Inc has a fifty-two week low of $39.24 and a fifty-two week high of $67.55. The stock has a market capitalization of $4.99 billion, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 0.31 and a beta of 1.98. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.27.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Monday, August 6th. The company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.96 by ($0.69). The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Brighthouse Financial had a negative net margin of 7.88% and a positive return on equity of 5.58%. The company’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts expect that Brighthouse Financial Inc will post 8.22 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. ValuEngine raised shares of Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, August 17th. Barclays dropped their price target on shares of Brighthouse Financial from $72.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, July 9th. B. Riley dropped their price target on shares of Brighthouse Financial from $59.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, July 16th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Brighthouse Financial in a research report on Thursday, June 28th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Brighthouse Financial currently has an average rating of “Hold” and an average price target of $56.43.

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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