Oak Thistle LLC Purchases New Shares in Brighthouse Financial, Inc. $BHF

Oak Thistle LLC purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 43,550 shares of the company’s stock, valued at approximately $2,312,000. Oak Thistle LLC owned approximately 0.08% of Brighthouse Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its position in shares of Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after purchasing an additional 226 shares in the last quarter. IFP Advisors Inc raised its position in Brighthouse Financial by 1,900.0% in the 2nd quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $40,000 after purchasing an additional 703 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Brighthouse Financial by 42.0% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock worth $44,000 after buying an additional 226 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in Brighthouse Financial by 12,371.4% during the 2nd quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock worth $47,000 after buying an additional 866 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Brighthouse Financial by 835.2% in the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after buying an additional 735 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Brighthouse Financial stock opened at $65.28 on Wednesday. The firm has a market capitalization of $3.73 billion, a P/E ratio of 4.45 and a beta of 0.97. Brighthouse Financial, Inc. has a 1 year low of $42.07 and a 1 year high of $66.33. The business has a 50-day moving average of $58.38 and a 200-day moving average of $53.55. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.49.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BHF shares. Raymond James Financial restated a “market perform” rating on shares of Brighthouse Financial in a research report on Wednesday, November 12th. Wells Fargo & Company lifted their price objective on Brighthouse Financial from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday. Piper Sandler reaffirmed a “neutral” rating and issued a $53.00 target price on shares of Brighthouse Financial in a research note on Tuesday, October 7th. Finally, Zacks Research cut shares of Brighthouse Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $63.70.

About Brighthouse Financial

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.