96,000 Shares in Brighthouse Financial, Inc. $BHF Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 96,000 shares of the company’s stock, valued at approximately $5,162,000. Hillsdale Investment Management Inc. owned approximately 0.17% of Brighthouse Financial as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc raised its position in shares of Brighthouse Financial by 1,900.0% during the 2nd quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $40,000 after acquiring an additional 703 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Brighthouse Financial by 42.0% in the 1st quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock worth $44,000 after buying an additional 226 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Brighthouse Financial by 835.2% in the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after buying an additional 735 shares during the last quarter. Ameriflex Group Inc. grew its position in shares of Brighthouse Financial by 12,371.4% during the 2nd quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock valued at $47,000 after buying an additional 866 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Brighthouse Financial by 7,756.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,257 shares of the company’s stock worth $68,000 after acquiring an additional 1,241 shares during the period. Institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BHF shares. Weiss Ratings restated a “hold (c)” rating on shares of Brighthouse Financial in a research note on Tuesday. Wells Fargo & Company raised their target price on Brighthouse Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on shares of Brighthouse Financial from $50.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, November 7th. Raymond James Financial reaffirmed a “market perform” rating on shares of Brighthouse Financial in a report on Wednesday, November 12th. Finally, Piper Sandler reissued a “neutral” rating and set a $53.00 target price on shares of Brighthouse Financial in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $63.70.

Brighthouse Financial Stock Performance

BHF stock opened at $65.57 on Friday. The company has a market capitalization of $3.75 billion, a P/E ratio of 4.47 and a beta of 0.94. The company has a 50-day simple moving average of $53.77 and a 200 day simple moving average of $52.89. Brighthouse Financial, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $66.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.49.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Friday, November 7th. The company reported $4.54 EPS for the quarter, missing the consensus estimate of $5.09 by ($0.55). Brighthouse Financial had a net margin of 15.39% and a return on equity of 20.59%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the business posted $3.99 EPS. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. Sell-side analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Brighthouse Financial Profile

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 consists of 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.