Sentry Investment Management LLC purchased a new stake in Brighthouse Financial Inc (NASDAQ:BHF) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,274 shares of the company’s stock, valued at approximately $278,000.

Several other hedge funds also recently modified their holdings of the stock. LPL Financial LLC acquired a new stake in shares of Brighthouse Financial in the first quarter valued at approximately $420,000. Millennium Management LLC acquired a new stake in shares of Brighthouse Financial in the first quarter valued at approximately $1,798,000. Principal Financial Group Inc. acquired a new stake in shares of Brighthouse Financial in the first quarter valued at approximately $6,897,000. Allianz Asset Management GmbH acquired a new stake in shares of Brighthouse Financial in the first quarter valued at approximately $847,000. Finally, DnB Asset Management AS acquired a new stake in shares of Brighthouse Financial in the second quarter valued at approximately $461,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

Shares of NASDAQ BHF opened at $41.57 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.46 and a quick ratio of 0.46. Brighthouse Financial Inc has a 1-year low of $37.68 and a 1-year high of $67.55. The firm has a market cap of $5.12 billion, a P/E ratio of 6.93, a P/E/G ratio of 0.55 and a beta of 1.56.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Monday, November 5th. The company reported $2.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.19 by $0.04. Brighthouse Financial had a return on equity of 5.49% and a net margin of 1.33%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the company earned $3.31 earnings per share. On average, sell-side analysts predict that Brighthouse Financial Inc will post 8.17 earnings per share for the current fiscal year.

Several research firms have recently weighed in on BHF. BidaskClub raised Brighthouse Financial from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley decreased their price objective on Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday. Wells Fargo & Co set a $50.00 price objective on Brighthouse Financial and gave the company a “hold” rating in a report on Monday, November 5th. Bank of America decreased their price objective on Brighthouse Financial from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, B. Riley decreased their price objective on Brighthouse Financial from $59.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, July 16th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Brighthouse Financial presently has a consensus rating of “Hold” and a consensus price target of $56.07.

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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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