Four Tree Island Advisory LLC acquired a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 59,804 shares of the company’s stock, valued at approximately $3,786,000. Brighthouse Financial accounts for about 1.2% of Four Tree Island Advisory LLC’s holdings, making the stock its 10th largest position. Four Tree Island Advisory LLC owned approximately 0.10% of Brighthouse Financial at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the business. Millennium Management LLC grew its stake in shares of Brighthouse Financial by 156.2% in the first quarter. Millennium Management LLC now owns 262,890 shares of the company’s stock worth $15,245,000 after purchasing an additional 160,272 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Brighthouse Financial by 835.2% during the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after purchasing an additional 735 shares during the period. United Services Automobile Association bought a new stake in shares of Brighthouse Financial during the first quarter valued at about $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Brighthouse Financial by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 209,140 shares of the company’s stock worth $12,128,000 after purchasing an additional 13,245 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in Brighthouse Financial by 12.5% in the second quarter. Prudential Financial Inc. now owns 6,509 shares of the company’s stock worth $350,000 after purchasing an additional 725 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.
Brighthouse Financial Price Performance
NASDAQ BHF opened at $53.64 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. Brighthouse Financial, Inc. has a 1 year low of $42.07 and a 1 year high of $66.80. The company has a market cap of $3.08 billion, a PE ratio of 4.28 and a beta of 0.87. The stock’s 50-day moving average price is $62.88 and its two-hundred day moving average price is $62.15.
Wall Street Analyst Weigh In
BHF has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Brighthouse Financial in a research report on Friday, August 7th. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Wall Street Zen raised Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Eight analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $60.50.
Read Our Latest Report on Brighthouse Financial
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.
See Also
- Five stocks we like better than Brighthouse Financial
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding BHF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brighthouse Financial, Inc. (NASDAQ:BHF – Free Report).
Receive News & Ratings for Brighthouse Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brighthouse Financial and related companies with MarketBeat.com's FREE daily email newsletter.
