Charles Schwab Investment Management Inc. Purchases 35,029 Shares of Brighthouse Financial, Inc. $BHF

Charles Schwab Investment Management Inc. grew its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 7.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 506,709 shares of the company’s stock after acquiring an additional 35,029 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Brighthouse Financial were worth $32,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. HRT Financial LP bought a new position in shares of Brighthouse Financial during the 4th quarter valued at $933,000. Brooklyn Investment Group bought a new position in shares of Brighthouse Financial during the 4th quarter valued at $366,000. Groupe la Francaise bought a new position in shares of Brighthouse Financial during the 4th quarter valued at $8,647,000. Dimensional Fund Advisors LP lifted its holdings in shares of Brighthouse Financial by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,495,032 shares of the company’s stock valued at $226,442,000 after buying an additional 45,109 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Brighthouse Financial during the 4th quarter valued at $648,000. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Trading Up 1.8%

NASDAQ:BHF opened at $62.54 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of -20.99 and a beta of 0.87. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.33. The business has a fifty day moving average price of $60.91 and a 200-day moving average price of $62.39.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Thursday, May 7th. The company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.57 by ($0.22). The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 29.4% on a year-over-year basis. During the same quarter last year, the company earned $4.17 earnings per share. Sell-side analysts forecast that Brighthouse Financial, Inc. will post 19.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BHF. Argus raised Brighthouse Financial to a “hold” rating in a report on Thursday, March 26th. Zacks Research lowered Brighthouse Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, March 30th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $67.00 price objective on shares of Brighthouse Financial in a research note on Thursday, March 26th. Finally, Weiss Ratings lowered Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Seven analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $60.86.

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.