Healthcare of Ontario Pension Plan Trust Fund Acquires New Stake in Brighthouse Financial, Inc. $BHF

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 390,807 shares of the company’s stock, valued at approximately $25,320,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.68% of Brighthouse Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BHF. Smartleaf Asset Management LLC grew its position in Brighthouse Financial by 66.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after buying an additional 226 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Brighthouse Financial by 540.4% in the third quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock valued at $34,000 after acquiring an additional 535 shares during the period. Danske Bank A S acquired a new stake in Brighthouse Financial in the third quarter valued at $37,000. Jones Financial Companies Lllp lifted its holdings in Brighthouse Financial by 835.2% in the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after acquiring an additional 735 shares during the period. Finally, Torren Management LLC acquired a new stake in Brighthouse Financial in the fourth quarter valued at $50,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BHF. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $67.00 target price on shares of Brighthouse Financial in a report on Thursday, March 26th. Argus raised shares of Brighthouse Financial to a “hold” rating in a report on Thursday, March 26th. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Weiss Ratings lowered Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $60.86.

Brighthouse Financial Trading Down 0.2%

NASDAQ:BHF opened at $62.93 on Tuesday. The company has a market capitalization of $3.62 billion, a PE ratio of -21.12 and a beta of 0.86. 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 52-week low of $42.07 and a 52-week high of $66.33. The stock has a fifty day simple moving average of $62.02 and a 200-day simple moving average of $62.79.

Brighthouse Financial (NASDAQ:BHF) last released 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). The firm had revenue of $2.10 billion for 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 quarterly revenue was down 29.4% compared to the same quarter last year. During the same period last year, the firm earned $4.17 EPS. On average, equities research analysts expect that Brighthouse Financial, Inc. will post 19.73 earnings per share for the current fiscal year.

Brighthouse Financial 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.