Graham Capital Management L.P. Has $955,000 Stock Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Graham Capital Management L.P. decreased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,871 shares of the company’s stock after selling 2,213 shares during the quarter. Graham Capital Management L.P.’s holdings in Brighthouse Financial were worth $955,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Aster Capital Management DIFC Ltd increased its stake in shares of Brighthouse Financial by 327.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock worth $44,000 after purchasing an additional 703 shares during the last quarter. KBC Group NV increased its stake in shares of Brighthouse Financial by 33.1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company’s stock worth $128,000 after purchasing an additional 663 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Brighthouse Financial during the 4th quarter worth $217,000. Guggenheim Capital LLC acquired a new position in shares of Brighthouse Financial during the 4th quarter worth $227,000. Finally, Polymer Capital Management US LLC acquired a new position in shares of Brighthouse Financial during the 4th quarter worth $233,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on BHF shares. Wells Fargo & Company dropped their price target on shares of Brighthouse Financial from $59.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Piper Sandler raised their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Morgan Stanley lowered their target price on shares of Brighthouse Financial from $52.00 to $41.00 and set an “underweight” rating on the stock in a research note on Thursday, April 10th. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Finally, Barclays raised their target price on shares of Brighthouse Financial from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $60.40.

Brighthouse Financial Price Performance

NASDAQ:BHF opened at $59.78 on Wednesday. The company has a 50-day moving average of $54.76 and a 200-day moving average of $53.32. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 11.59 and a beta of 0.96. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.55). The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.29 billion. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. Brighthouse Financial’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.25 earnings per share. As a group, equities research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

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 consists of 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.