Robeco Institutional Asset Management B.V. Increases Stake in Brighthouse Financial Inc (NASDAQ:BHF)

Robeco Institutional Asset Management B.V. increased its position in Brighthouse Financial Inc (NASDAQ:BHF) by 21.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 752,016 shares of the company’s stock after acquiring an additional 132,844 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.65% of Brighthouse Financial worth $27,591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Signaturefd LLC lifted its position in Brighthouse Financial by 387.3% in the 1st quarter. Signaturefd LLC now owns 731 shares of the company’s stock worth $27,000 after buying an additional 581 shares during the last quarter. Arrow Financial Corp purchased a new stake in Brighthouse Financial in the first quarter worth $36,000. Strs Ohio boosted 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 acquiring an additional 370 shares in the last quarter. Ayalon Holdings Ltd. bought a new stake in Brighthouse Financial in the second quarter worth $64,000. Finally, First Hawaiian Bank boosted its holdings in Brighthouse Financial by 18.9% in the first quarter. First Hawaiian Bank now owns 2,616 shares of the company’s stock worth $95,000 after acquiring an additional 416 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Several equities research analysts have commented on the company. Goldman Sachs Group downgraded Brighthouse Financial from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $39.00 to $32.00 in a report on Tuesday, June 25th. Wells Fargo & Co reiterated a “hold” rating and set a $45.00 price objective on shares of Brighthouse Financial in a research report on Tuesday, May 7th. Zacks Investment Research cut Brighthouse Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Morgan Stanley reduced their price target on Brighthouse Financial from $46.00 to $43.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Credit Suisse Group cut Brighthouse Financial from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $35.00 to $22.00 in a research report on Tuesday, June 25th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Brighthouse Financial has an average rating of “Hold” and an average target price of $41.00.

In other Brighthouse Financial news, Director Margaret M. Mccarthy purchased 2,941 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average cost of $34.08 per share, with a total value of $100,229.28. Following the purchase, the director now owns 4,423 shares of the company’s stock, valued at $150,735.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Edward Chaplin purchased 2,700 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now directly owns 6,939 shares in the company, valued at approximately $253,273.50. The disclosure for this purchase can be found here. 0.23% of the stock is owned by company insiders.

Brighthouse Financial stock traded down $1.17 during midday trading on Friday, reaching $34.60. 1,001,469 shares of the stock traded hands, compared to its average volume of 718,307. The business’s fifty day moving average price is $37.59. Brighthouse Financial Inc has a 12 month low of $28.52 and a 12 month high of $47.33. The company has a market cap of $4.54 billion, a PE ratio of 4.65, a P/E/G ratio of 0.38 and a beta of 2.04. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.29.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings results on Monday, May 6th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.14). The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.98 billion. Brighthouse Financial had a net margin of 2.49% and a return on equity of 6.01%. Brighthouse Financial’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.36 earnings per share. As a group, research analysts predict that Brighthouse Financial Inc will post 8.91 EPS 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 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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Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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