Dimensional Fund Advisors LP Has $212.93 Million Stock Position in Brighthouse Financial, Inc. $BHF

Dimensional Fund Advisors LP grew its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 1.7% in the first quarter, HoldingsChannel.com reports. The firm owned 3,555,823 shares of the company’s stock after purchasing an additional 60,791 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of Brighthouse Financial worth $212,926,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BHF. NewEdge Advisors LLC grew its holdings in shares of Brighthouse Financial by 442.5% in the fourth quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock valued at $28,000 after acquiring an additional 354 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Brighthouse Financial by 390.3% during the first quarter. Bessemer Group Inc. now owns 505 shares of the company’s stock worth $30,000 after acquiring an additional 402 shares during the period. Smartleaf Asset Management LLC boosted its position in 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 last quarter. Danske Bank A S purchased a new position in Brighthouse Financial in the third quarter worth $37,000. Finally, Torren Management LLC bought a new position in Brighthouse Financial in the 4th quarter valued at $50,000. Institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings lowered shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Eight equities research 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 currently has an average rating of “Reduce” and an average price target of $60.50.

Brighthouse Financial Trading Up 0.8%

Shares of Brighthouse Financial stock opened at $63.22 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $3.63 billion, a P/E ratio of -21.21 and a beta of 0.86. Brighthouse Financial, Inc. has a 52-week low of $42.07 and a 52-week high of $66.80. The stock’s 50-day simple moving average is $63.53 and its 200 day simple moving average is $62.61.

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