Prudential Financial Inc. boosted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 1.1% during the 4th quarter, Holdings Channel reports. The firm owned 121,029 shares of the company’s stock after purchasing an additional 1,300 shares during the period. Prudential Financial Inc.’s holdings in Brighthouse Financial were worth $3,689,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its stake in Brighthouse Financial by 162.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the company’s stock valued at $29,000 after purchasing an additional 591 shares during the period. Loeb Partners Corp bought a new stake in Brighthouse Financial during the 4th quarter valued at approximately $71,000. ETF Managers Group LLC raised its stake in Brighthouse Financial by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 2,535 shares of the company’s stock valued at $77,000 after purchasing an additional 345 shares during the period. Penserra Capital Management LLC bought a new stake in Brighthouse Financial during the 4th quarter valued at approximately $81,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in Brighthouse Financial by 218.9% during the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,768 shares of the company’s stock valued at $84,000 after purchasing an additional 1,900 shares during the period. 90.92% of the stock is currently owned by institutional investors and hedge funds.

BHF opened at $38.77 on Friday. Brighthouse Financial Inc has a 52-week low of $28.52 and a 52-week high of $54.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market cap of $4.50 billion, a P/E ratio of 5.21, a price-to-earnings-growth ratio of 0.40 and a beta of 2.14.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Monday, February 11th. The company reported $1.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.18). The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Brighthouse Financial had a net margin of 9.65% and a return on equity of 6.53%. As a group, research analysts forecast that Brighthouse Financial Inc will post 8.76 earnings per share for the current fiscal year.

A number of analysts have issued reports on BHF shares. Sandler O’Neill raised Brighthouse Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Brighthouse Financial in a research note on Thursday, February 28th. Deutsche Bank downgraded Brighthouse Financial from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Brighthouse Financial in a research note on Monday, December 31st. Finally, BidaskClub downgraded Brighthouse Financial from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $50.44.

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About Brighthouse Financial

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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