Metropolitan Life Insurance Co NY decreased its holdings in Brighthouse Financial Inc (NASDAQ:BHF) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,589 shares of the company’s stock after selling 676 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Brighthouse Financial were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. raised its holdings in Brighthouse Financial by 68.3% in the fourth quarter. Bessemer Group Inc. now owns 865 shares of the company’s stock worth $27,000 after purchasing an additional 351 shares in the last quarter. Signaturefd LLC raised its holdings in Brighthouse Financial by 387.3% in the first quarter. Signaturefd LLC now owns 731 shares of the company’s stock worth $27,000 after purchasing an additional 581 shares in the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new position in Brighthouse Financial in the fourth quarter worth $32,000. Arrow Financial Corp bought a new position in Brighthouse Financial in the first quarter worth $36,000. Finally, Strs Ohio raised its holdings in Brighthouse Financial by 34.6% in the first quarter. Strs Ohio now owns 1,440 shares of the company’s stock worth $52,000 after purchasing an additional 370 shares in the last quarter. 88.90% of the stock is owned by institutional investors.
A number of research firms have issued reports on BHF. Goldman Sachs Group set a GBX 6,870 ($89.77) price objective on Reckitt Benckiser Group and gave the stock a “neutral” rating in a report on Tuesday, June 25th. UBS Group increased their price objective on Verisk Analytics from $106.00 to $111.00 and gave the stock a “sell” rating in a report on Tuesday, April 9th. Citigroup downgraded Barrick Gold to a “neutral” rating in a report on Thursday, May 23rd. Morgan Stanley raised their price target on Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a report on Wednesday, July 10th. Finally, Zacks Investment Research downgraded HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $41.00.
Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Monday, May 6th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.14). Brighthouse Financial had a return on equity of 6.01% and a net margin of 2.49%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the business posted $2.36 earnings per share. Brighthouse Financial’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities analysts predict that Brighthouse Financial Inc will post 8.89 EPS for the current year.
In other news, Director C Edward Chaplin bought 2,700 shares of the company’s stock in a transaction on Monday, May 13th. The shares were acquired at an average cost of $36.50 per share, with a total value of $98,550.00. Following the completion of the transaction, the director now owns 6,939 shares of the company’s stock, valued at approximately $253,273.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Margaret M. Mccarthy bought 2,941 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was purchased at an average cost of $34.08 per share, for a total transaction of $100,229.28. Following the completion of the transaction, the director now directly owns 4,423 shares of the company’s stock, valued at approximately $150,735.84. The disclosure for this purchase can be found here. 0.01% of the stock is currently owned by company insiders.
About Brighthouse Financial
Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment 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.
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