Xact Kapitalforvaltning AB Buys 5,304 Shares of Brighthouse Financial Inc (NASDAQ:BHF)
Xact Kapitalforvaltning AB boosted its stake in Brighthouse Financial Inc (NASDAQ:BHF) by 31.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,300 shares of the company’s stock after acquiring an additional 5,304 shares during the period. Xact Kapitalforvaltning AB’s holdings in Brighthouse Financial were worth $818,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. ETF Managers Group LLC boosted its holdings in Brighthouse Financial by 9.9% in the first quarter. ETF Managers Group LLC now owns 2,785 shares of the company’s stock valued at $101,000 after acquiring an additional 250 shares in the last quarter. AGF Investments America Inc. boosted its holdings in Brighthouse Financial by 7.2% in the first quarter. AGF Investments America Inc. now owns 4,075 shares of the company’s stock valued at $148,000 after acquiring an additional 272 shares in the last quarter. Strs Ohio lifted its position in Brighthouse Financial by 34.6% during the first quarter. Strs Ohio now owns 1,440 shares of the company’s stock valued at $52,000 after buying an additional 370 shares during the period. First Hawaiian Bank lifted its position in Brighthouse Financial by 18.9% during the first quarter. First Hawaiian Bank now owns 2,616 shares of the company’s stock valued at $95,000 after buying an additional 416 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in Brighthouse Financial by 8.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,704 shares of the company’s stock valued at $207,000 after buying an additional 431 shares during the period. Institutional investors and hedge funds own 88.90% of the company’s stock.
In other Brighthouse Financial news, Director Margaret M. Mccarthy bought 2,941 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was acquired at an average price of $34.08 per share, with a total value of $100,229.28. Following the transaction, the director now owns 4,423 shares in the company, valued at $150,735.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director C Edward Chaplin bought 2,700 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of $36.50 per share, with a total value of $98,550.00. Following the transaction, the director now owns 6,939 shares in the company, valued at approximately $253,273.50. The disclosure for this purchase can be found here. 0.01% of the stock is currently owned by insiders.
Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Monday, May 6th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.12 by ($0.14). Brighthouse Financial had a return on equity of 6.01% and a net margin of 2.49%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the firm earned $2.36 EPS. Brighthouse Financial’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, sell-side analysts predict that Brighthouse Financial Inc will post 8.91 EPS for the current year.
Several equities analysts have commented on the company. Credit Suisse Group assumed coverage on Arco Platform in a research report on Tuesday, June 25th. They set a “neutral” rating for the company. BidaskClub lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Zacks Investment Research lowered HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. UBS Group raised their price objective on Verisk Analytics from $106.00 to $111.00 and gave the company a “sell” rating in a research report on Tuesday, April 9th. Finally, Wells Fargo & Co lowered Mylan from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $33.00 to $22.00 in a research report on Tuesday, May 7th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.00.
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 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.
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