Brighthouse Financial, Inc. $BHF Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System increased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 25.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 69,588 shares of the company’s stock after purchasing an additional 14,052 shares during the period. California State Teachers Retirement System’s holdings in Brighthouse Financial were worth $4,167,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its stake in shares of Brighthouse Financial by 34.7% in the first quarter. Quantinno Capital Management LP now owns 186,971 shares of the company’s stock worth $11,196,000 after acquiring an additional 48,174 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Brighthouse Financial by 38.8% during the first quarter. Public Employees Retirement System of Ohio now owns 61,433 shares of the company’s stock worth $3,679,000 after acquiring an additional 17,164 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Brighthouse Financial in the first quarter valued at $4,036,000. Calamos Advisors LLC purchased a new stake in Brighthouse Financial during the 1st quarter worth about $23,459,000. Finally, Credit Industriel ET Commercial purchased a new stake in Brighthouse Financial during the 4th quarter worth about $10,055,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BHF shares. Weiss Ratings lowered Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Eight investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $60.50.

Brighthouse Financial Trading Down 2.2%

NASDAQ:BHF opened at $60.80 on Friday. The stock has a 50-day simple moving average of $63.50 and a 200-day simple moving average of $62.47. The stock has a market cap of $3.49 billion, a P/E ratio of 4.85 and a beta of 0.87. Brighthouse Financial, Inc. has a 1 year low of $42.07 and a 1 year high of $66.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 0.96.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Thursday, August 6th. The company reported $4.45 earnings per share for the quarter, missing the consensus estimate of $4.86 by ($0.41). Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the business posted $3.43 EPS. Brighthouse Financial’s revenue was down 2.0% on a year-over-year basis. As a group, analysts anticipate that Brighthouse Financial, Inc. will post 19.2 earnings per share for the current fiscal year.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.