Teacher Retirement System of Texas raised its holdings in shares of Brighthouse Financial Inc (NASDAQ:BHF) by 1,168.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 160,159 shares of the company’s stock after purchasing an additional 147,528 shares during the quarter. Teacher Retirement System of Texas owned 0.14% of Brighthouse Financial worth $4,882,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Pearl River Capital LLC purchased a new position in shares of Brighthouse Financial during the fourth quarter valued at $26,000. Bessemer Group Inc. increased its stake in shares of Brighthouse Financial by 68.3% during the fourth quarter. Bessemer Group Inc. now owns 865 shares of the company’s stock valued at $27,000 after buying an additional 351 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in Brighthouse Financial by 162.8% in the fourth 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 last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new position in Brighthouse Financial in the fourth quarter valued at about $32,000. Finally, Oregon Public Employees Retirement Fund grew its stake in Brighthouse Financial by 3,384.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,312,804 shares of the company’s stock valued at $43,000 after purchasing an additional 1,275,123 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.
Shares of BHF stock traded up $0.68 during trading hours on Friday, reaching $40.97. 1,037,843 shares of the company’s stock were exchanged, compared to its average volume of 1,793,507. Brighthouse Financial Inc has a 1 year low of $28.52 and a 1 year high of $52.77. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.40 and a beta of 2.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.51 and a current ratio of 0.51.
BHF has been the topic of several analyst reports. Sandler O’Neill upgraded Brighthouse Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded Brighthouse Financial from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Monday, April 15th. BidaskClub upgraded Brighthouse Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Wells Fargo & Co reiterated a “hold” rating on shares of Brighthouse Financial in a research note on Tuesday, January 8th. Finally, Deutsche Bank lowered Brighthouse Financial from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $47.64.
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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 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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