Bokf Na Buys Shares of 7,719 Brighthouse Financial Inc (BHF)

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Bokf Na bought a new position in shares of Brighthouse Financial Inc (NASDAQ:BHF) during the fourth quarter, HoldingsChannel reports. The firm bought 7,719 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. lifted its holdings in Brighthouse Financial by 6.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 5,273 shares of the company’s stock worth $160,000 after buying an additional 337 shares in the last quarter. ETF Managers Group LLC raised its holdings in shares of Brighthouse Financial by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 2,535 shares of the company’s stock valued at $77,000 after purchasing an additional 345 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Brighthouse Financial by 68.3% in the 4th quarter. Bessemer Group Inc. now owns 865 shares of the company’s stock valued at $27,000 after purchasing an additional 351 shares in the last quarter. TD Asset Management Inc. raised its holdings in shares of Brighthouse Financial by 1.3% in the 4th quarter. TD Asset Management Inc. now owns 35,494 shares of the company’s stock valued at $1,082,000 after purchasing an additional 442 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Brighthouse Financial by 162.8% in the 4th 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 in the last quarter. Institutional investors own 92.24% of the company’s stock.

Shares of BHF opened at $35.54 on Friday. Brighthouse Financial Inc has a twelve month low of $28.52 and a twelve month high of $52.90. The firm has a market capitalization of $4.45 billion, a PE ratio of 4.78, a PEG ratio of 0.39 and a beta of 2.14. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.27.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Monday, February 11th. The company reported $1.56 EPS for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.18). The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Brighthouse Financial had a net margin of 9.65% and a return on equity of 6.53%. Equities analysts expect that Brighthouse Financial Inc will post 8.79 EPS for the current year.

A number of equities research analysts have recently weighed in on BHF shares. BidaskClub lowered shares of Brighthouse Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 12th. Credit Suisse Group restated a “neutral” rating on shares of Brighthouse Financial in a report on Monday, December 31st. Sandler O’Neill upgraded shares of Brighthouse Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Wells Fargo & Co restated a “hold” rating on shares of Brighthouse Financial in a report on Tuesday, January 8th. Finally, Zacks Investment Research lowered shares of Brighthouse Financial from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $50.44.

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Brighthouse Financial Profile

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

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Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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