Infrastructure Capital Advisors LLC acquired a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,937 shares of the company’s stock, valued at approximately $595,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of BHF. Dimensional Fund Advisors LP lifted its stake in Brighthouse Financial by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,555,823 shares of the company’s stock valued at $212,926,000 after acquiring an additional 60,791 shares in the last quarter. UBS Group AG lifted its position in shares of Brighthouse Financial by 98.1% in the third quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock worth $181,177,000 after purchasing an additional 1,690,064 shares in the last quarter. HBK Investments L P bought a new stake in shares of Brighthouse Financial in the fourth quarter worth $136,059,000. Glazer Capital LLC acquired a new position in Brighthouse Financial during the fourth quarter worth $113,252,000. Finally, AQR Capital Management LLC grew its position in Brighthouse Financial by 190.7% in the third quarter. AQR Capital Management LLC now owns 1,396,245 shares of the company’s stock valued at $74,113,000 after purchasing an additional 915,902 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.
Wall Street Analysts Forecast Growth
BHF has been the topic of several analyst reports. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Wall Street Zen upgraded Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings cut Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Eight research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $60.50.
Brighthouse Financial Stock Performance
Shares of BHF stock opened at $63.16 on Tuesday. The stock has a market cap of $3.63 billion, a P/E ratio of -21.19 and a beta of 0.86. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.91 and a quick ratio of 0.91. The company has a fifty day moving average price of $63.54 and a two-hundred day moving average price of $62.58. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.80.
Brighthouse Financial (NASDAQ:BHF – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.20 billion. Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. The business’s revenue was down 29.4% on a year-over-year basis. During the same period last year, the business earned $4.17 EPS. As a group, equities analysts predict that Brighthouse Financial, Inc. will post 19.2 EPS for the current year.
Brighthouse Financial Company Profile
Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.
The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.
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