AGF Investments Inc. purchased a new position in Brighthouse Financial Inc (NASDAQ:BHF) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 124,724 shares of the company’s stock, valued at approximately $5,518,000. AGF Investments Inc. owned approximately 0.10% of Brighthouse Financial at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. First Hawaiian Bank purchased a new stake in Brighthouse Financial during the 3rd quarter valued at about $142,000. Daiwa Securities Group Inc. purchased a new stake in Brighthouse Financial during the 3rd quarter valued at about $164,000. Whittier Trust Co. purchased a new stake in Brighthouse Financial during the 3rd quarter valued at about $176,000. Hussman Strategic Advisors Inc. purchased a new stake in Brighthouse Financial during the 3rd quarter valued at about $201,000. Finally, Raymond James Trust N.A. purchased a new stake in Brighthouse Financial during the 3rd quarter valued at about $216,000. Institutional investors own 87.20% of the company’s stock.

Shares of NASDAQ BHF opened at $40.46 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31. The stock has a market cap of $4.87 billion, a PE ratio of 6.59, a P/E/G ratio of 0.53 and a beta of 1.56. Brighthouse Financial Inc has a 52-week low of $37.68 and a 52-week high of $67.55.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Monday, November 5th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.04. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $2.05 billion. Brighthouse Financial had a net margin of 1.33% and a return on equity of 5.49%. During the same quarter last year, the firm posted $3.31 EPS. On average, equities research analysts forecast that Brighthouse Financial Inc will post 8.17 earnings per share for the current fiscal year.

BHF has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 6th. BidaskClub raised shares of Brighthouse Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Wells Fargo & Co set a $50.00 price objective on shares of Brighthouse Financial and gave the company a “hold” rating in a research report on Monday, November 5th. Credit Suisse Group raised shares of Brighthouse Financial from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a report on Wednesday, August 15th. They noted that the move was a valuation call. Finally, Bank of America reaffirmed a “neutral” rating and set a $47.00 price target on shares of Brighthouse Financial in a report on Wednesday, October 3rd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Brighthouse Financial presently has a consensus rating of “Hold” and a consensus target price of $56.07.

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Brighthouse Financial Company Profile

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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