Brighthouse Financial, Inc. (NASDAQ:BHF) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Get Rating) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 380,453 shares of the company’s stock after selling 12,086 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Brighthouse Financial were worth $16,521,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BHF. Dimensional Fund Advisors LP raised its stake in shares of Brighthouse Financial by 11.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,476,017 shares of the company’s stock worth $150,931,000 after buying an additional 361,359 shares during the last quarter. State Street Corp lifted its holdings in shares of Brighthouse Financial by 4.2% in the first quarter. State Street Corp now owns 2,354,170 shares of the company’s stock valued at $121,616,000 after purchasing an additional 94,816 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Brighthouse Financial by 47.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 992,297 shares of the company’s stock valued at $43,086,000 after purchasing an additional 320,191 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Brighthouse Financial by 4.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 928,329 shares of the company’s stock worth $38,080,000 after purchasing an additional 39,954 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Brighthouse Financial by 38.4% during the 2nd quarter. UBS Group AG now owns 910,809 shares of the company’s stock worth $37,362,000 after purchasing an additional 252,592 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Stock Performance

Shares of BHF stock opened at $40.67 on Friday. Brighthouse Financial, Inc. has a one year low of $38.38 and a one year high of $60.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 0.61. The company has a 50 day moving average price of $54.96 and a 200 day moving average price of $52.32. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of -13.43 and a beta of 1.31.

Brighthouse Financial (NASDAQ:BHF – Get Rating) last issued its quarterly earnings results on Friday, February 10th. The company reported $3.51 EPS for the quarter, topping the consensus estimate of $2.05 by $1.46. Brighthouse Financial had a net margin of 0.06% and a return on equity of 10.36%. The firm had revenue of $454.00 million during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the business posted $5.18 earnings per share. Brighthouse Financial’s revenue for the quarter was down 77.5% compared to the same quarter last year. Sell-side analysts anticipate that Brighthouse Financial, Inc. will post 14.59 EPS for the current year.

Analysts Set New Price Targets

BHF has been the subject of several analyst reports. Barclays boosted their target price on shares of Brighthouse Financial from $47.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 10th. Piper Sandler cut their price objective on shares of Brighthouse Financial from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 20th. Morgan Stanley cut their price objective on shares of Brighthouse Financial from $65.00 to $64.00 and set an “equal weight” rating for the company in a research report on Friday, February 24th. Jefferies Financial Group boosted their price objective on shares of Brighthouse Financial from $55.00 to $60.00 and gave the company a “hold” rating in a research report on Tuesday, February 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Brighthouse Financial from $53.00 to $57.00 and gave the company an “equal weight” rating in a research report on Monday, February 13th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, Brighthouse Financial currently has an average rating of “Hold” and an average target price of $57.13.

Brighthouse Financial Company Profile

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Brighthouse Financial, Inc operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with a diverse network of distribution partners. It operates through the following segments: Annuities, Life, Run-Off, and Corporate & Others.