Public Employees Retirement System of Ohio Has $1.01 Million Stock Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

Public Employees Retirement System of Ohio decreased its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 4.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 22,422 shares of the company’s stock after selling 1,118 shares during the period. Public Employees Retirement System of Ohio’s holdings in Brighthouse Financial were worth $1,010,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. XTX Topco Ltd grew its stake in Brighthouse Financial by 20.3% in the third quarter. XTX Topco Ltd now owns 27,974 shares of the company’s stock valued at $1,260,000 after acquiring an additional 4,726 shares during the period. Weiss Asset Management LP bought a new stake in Brighthouse Financial during the 3rd quarter worth approximately $782,000. Two Sigma Advisers LP raised its holdings in Brighthouse Financial by 12.6% during the 3rd quarter. Two Sigma Advisers LP now owns 320,700 shares of the company’s stock worth $14,441,000 after buying an additional 35,800 shares during the period. State Street Corp lifted its stake in Brighthouse Financial by 2.2% in the third quarter. State Street Corp now owns 2,314,905 shares of the company’s stock valued at $104,240,000 after buying an additional 50,441 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Brighthouse Financial by 53.3% in the third quarter. Quantinno Capital Management LP now owns 46,707 shares of the company’s stock valued at $2,103,000 after buying an additional 16,243 shares during the period. Institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BHF. Wells Fargo & Company boosted their price objective on shares of Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Barclays lifted their target price on Brighthouse Financial from $48.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Piper Sandler reduced their price target on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Brighthouse Financial currently has an average rating of “Hold” and a consensus target price of $51.75.

Brighthouse Financial Stock Up 1.4 %

NASDAQ:BHF opened at $46.63 on Friday. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $54.73. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -2.29 and a beta of 1.06. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average price is $49.68 and its two-hundred day moving average price is $46.27.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.50 by ($0.51). Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the company posted $4.18 earnings per share. Equities research analysts expect that Brighthouse Financial, Inc. will post 18.47 earnings per share for the current fiscal year.

Insider Activity at Brighthouse Financial

In related news, EVP Myles Lambert sold 8,400 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total value of $434,280.00. Following the transaction, the executive vice president now owns 33,407 shares in the company, valued at approximately $1,727,141.90. This represents a 20.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Rosenthal sold 4,265 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the sale, the executive vice president now owns 86,262 shares of the company’s stock, valued at $3,971,502.48. This trade represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

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.