Mitsubishi UFJ Trust & Banking Corp Has $2.74 Million Stake in Brighthouse Financial, Inc. (NASDAQ:BHF)

Posted by on Aug 23rd, 2023

Mitsubishi UFJ Trust & Banking Corp decreased its stake in Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) by 8.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,020 shares of the company’s stock after selling 5,445 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of Brighthouse Financial worth $2,736,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BHF. New Mexico Educational Retirement Board lifted its stake in shares of Brighthouse Financial by 5.9% during the first quarter. New Mexico Educational Retirement Board now owns 12,500 shares of the company’s stock valued at $551,000 after acquiring an additional 700 shares during the period. EMC Capital Management acquired a new position in shares of Brighthouse Financial during the fourth quarter valued at $61,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Brighthouse Financial during the fourth quarter valued at $25,936,000. Roundview Capital LLC lifted its stake in shares of Brighthouse Financial by 2.0% during the first quarter. Roundview Capital LLC now owns 58,640 shares of the company’s stock valued at $2,587,000 after acquiring an additional 1,151 shares during the period. Finally, LSV Asset Management lifted its stake in shares of Brighthouse Financial by 50.5% during the fourth quarter. LSV Asset Management now owns 213,560 shares of the company’s stock valued at $10,949,000 after acquiring an additional 71,665 shares during the period. Institutional investors and hedge funds own 79.57% of the company’s stock.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF opened at $46.61 on Wednesday. The stock has a 50 day moving average price of $48.66 and a 200 day moving average price of $47.32. Brighthouse Financial, Inc. has a 52 week low of $39.24 and a 52 week high of $60.54. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $3.05 billion, a PE ratio of -1.35 and a beta of 1.30.

Brighthouse Financial (NASDAQ:BHF – Get Free Report) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $4.13 EPS for the quarter, beating the consensus estimate of $3.55 by $0.58. Brighthouse Financial had a positive return on equity of 14.27% and a negative net margin of 65.81%. The firm had revenue of $263.00 million during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the firm posted $3.29 earnings per share. Analysts predict that Brighthouse Financial, Inc. will post 14.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Piper Sandler increased their price target on Brighthouse Financial from $44.00 to $50.00 in a report on Friday, July 7th. Barclays increased their price target on Brighthouse Financial from $42.00 to $49.00 in a report on Tuesday, July 11th. Finally, Morgan Stanley increased their price target on Brighthouse Financial from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, August 18th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $53.71.

Get Our Latest Analysis on Brighthouse Financial

Brighthouse Financial Company Profile

(Free Report)

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.

Further Reading

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

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