Brighthouse Financial, Inc. $BHF Shares Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 132.1% in the second quarter, HoldingsChannel.com reports. The fund owned 132,066 shares of the company’s stock after acquiring an additional 75,165 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Brighthouse Financial were worth $7,101,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in BHF. IFP Advisors Inc raised its stake in shares of Brighthouse Financial by 1,900.0% in the second quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $40,000 after purchasing an additional 703 shares during the last quarter. Brooklyn Investment Group raised its position in Brighthouse Financial by 42.0% during the 1st quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock worth $44,000 after buying an additional 226 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Brighthouse Financial by 835.2% during the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after acquiring an additional 735 shares during the period. Ameriflex Group Inc. boosted its holdings in shares of Brighthouse Financial by 12,371.4% in the 2nd quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock valued at $47,000 after acquiring an additional 866 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Brighthouse Financial by 7,756.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,257 shares of the company’s stock worth $68,000 after acquiring an additional 1,241 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Down 0.1%

Shares of NASDAQ BHF opened at $65.52 on Tuesday. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 4.47 and a beta of 0.94. The company’s 50-day simple moving average is $54.14 and its 200-day simple moving average is $52.88. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.49. Brighthouse Financial, Inc. has a 52-week low of $42.07 and a 52-week high of $66.33.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Friday, November 7th. The company reported $4.54 earnings per share for the quarter, missing the consensus estimate of $5.09 by ($0.55). Brighthouse Financial had a return on equity of 20.59% and a net margin of 15.39%.The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the company earned $3.99 EPS. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. Equities analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research downgraded shares of Brighthouse Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Evercore ISI dropped their target price on Brighthouse Financial from $65.00 to $55.00 and set an “in-line” rating on the stock in a report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a research report on Tuesday, November 18th. Barclays lowered their price objective on Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Finally, Morgan Stanley set a $70.00 target price on shares of Brighthouse Financial in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Brighthouse Financial presently has an average rating of “Reduce” and a consensus price target of $63.70.

Brighthouse Financial Company 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.