Toronto Dominion Bank Sells 57,741 Shares of Brighthouse Financial Inc (NASDAQ:BHF)

Toronto Dominion Bank decreased its holdings in shares of Brighthouse Financial Inc (NASDAQ:BHF) by 77.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,389 shares of the company’s stock after selling 57,741 shares during the quarter. Toronto Dominion Bank’s holdings in Brighthouse Financial were worth $602,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of Brighthouse Financial by 12.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 941,405 shares of the company’s stock worth $28,700,000 after acquiring an additional 106,333 shares during the period. Geode Capital Management LLC lifted its position in shares of Brighthouse Financial by 10.0% in the 4th quarter. Geode Capital Management LLC now owns 1,755,585 shares of the company’s stock worth $53,431,000 after acquiring an additional 159,787 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Brighthouse Financial by 8.0% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,142 shares of the company’s stock worth $259,000 after acquiring an additional 527 shares during the period. New York State Teachers Retirement System lifted its position in shares of Brighthouse Financial by 11.0% in the 1st quarter. New York State Teachers Retirement System now owns 167,513 shares of the company’s stock worth $6,079,000 after acquiring an additional 16,581 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Brighthouse Financial in the 1st quarter worth approximately $248,000. Hedge funds and other institutional investors own 87.21% of the company’s stock.

Shares of Brighthouse Financial stock traded up $1.13 during midday trading on Thursday, hitting $41.18. 29,563 shares of the company were exchanged, compared to its average volume of 958,637. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market cap of $4.44 billion, a P/E ratio of 5.55, a PEG ratio of 0.41 and a beta of 2.06. Brighthouse Financial Inc has a 52 week low of $28.52 and a 52 week high of $47.33. The firm has a 50 day simple moving average of $36.11 and a 200-day simple moving average of $37.76.



Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Monday, August 5th. The company reported $2.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.33. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.03 billion. Brighthouse Financial had a return on equity of 6.74% and a net margin of 9.61%. During the same quarter last year, the company earned $1.68 EPS. Equities research analysts expect that Brighthouse Financial Inc will post 8.67 earnings per share for the current year.

A number of analysts have commented on BHF shares. Bank of America reduced their price objective on Brighthouse Financial from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. BidaskClub upgraded Brighthouse Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Citigroup reduced their price objective on Brighthouse Financial from $36.00 to $33.00 and set a “sell” rating for the company in a research report on Friday, September 13th. Goldman Sachs Group downgraded Brighthouse Financial from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $39.00 to $32.00 in a research report on Tuesday, June 25th. Finally, Credit Suisse Group downgraded Brighthouse Financial from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $35.00 to $22.00 in a research report on Tuesday, June 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a strong buy rating to the company’s stock. Brighthouse Financial presently has an average rating of “Hold” and an average target price of $37.56.

In related news, Director Margaret M. Mccarthy bought 2,941 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was acquired at an average price of $34.08 per share, for a total transaction of $100,229.28. Following the transaction, the director now directly owns 4,423 shares of the company’s stock, valued at $150,735.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Conor Murphy bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were bought at an average price of $35.68 per share, with a total value of $107,040.00. Following the transaction, the chief operating officer now directly owns 20,902 shares in the company, valued at $745,783.36. The disclosure for this purchase can be found here. Insiders have purchased a total of 31,441 shares of company stock valued at $1,091,409 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

Brighthouse Financial Profile

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

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