Brighthouse Financial, Inc. $BHF Shares Sold by Credit Industriel ET Commercial

Credit Industriel ET Commercial decreased its holdings in Brighthouse Financial, Inc. (NASDAQ:BHFFree Report) by 11.5% in the first quarter, HoldingsChannel.com reports. The firm owned 137,276 shares of the company’s stock after selling 17,920 shares during the quarter. Brighthouse Financial makes up 0.6% of Credit Industriel ET Commercial’s holdings, making the stock its 18th biggest holding. Credit Industriel ET Commercial’s holdings in Brighthouse Financial were worth $8,220,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BHF. Gabelli Funds LLC purchased a new stake in Brighthouse Financial during the 3rd quarter worth approximately $1,328,000. Assenagon Asset Management S.A. purchased a new stake in shares of Brighthouse Financial during the 4th quarter valued at approximately $10,505,000. Jefferies Financial Group Inc. lifted its holdings in Brighthouse Financial by 111.7% in the third quarter. Jefferies Financial Group Inc. now owns 279,621 shares of the company’s stock valued at $14,842,000 after acquiring an additional 147,555 shares during the last quarter. SG Americas Securities LLC grew its position in Brighthouse Financial by 231.5% in the fourth quarter. SG Americas Securities LLC now owns 341,502 shares of the company’s stock worth $22,126,000 after acquiring an additional 238,478 shares during the period. Finally, First Trust Advisors LP raised its position in Brighthouse Financial by 33.6% in the third quarter. First Trust Advisors LP now owns 686,721 shares of the company’s stock valued at $36,451,000 after purchasing an additional 172,641 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Stock Performance

Shares of BHF stock opened at $64.81 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. Brighthouse Financial, Inc. has a 12-month low of $42.07 and a 12-month high of $66.33. The company has a market cap of $3.72 billion, a price-to-earnings ratio of -21.72 and a beta of 0.86. The stock has a 50 day simple moving average of $62.67 and a 200-day simple moving average of $62.58.

Brighthouse Financial (NASDAQ:BHFGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $4.35 earnings per share for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.20 billion. Brighthouse Financial had a positive return on equity of 16.88% and a negative net margin of 1.10%.The company’s revenue was down 29.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.17 EPS. On average, equities analysts forecast that Brighthouse Financial, Inc. will post 19.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BHF shares. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $67.00 price target on shares of Brighthouse Financial in a research note on Thursday, March 26th. Argus raised shares of Brighthouse Financial to a “hold” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings lowered Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Eight investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brighthouse Financial presently has a consensus rating of “Reduce” and an average price target of $60.86.

Check Out Our Latest Analysis on BHF

About Brighthouse Financial

(Free Report)

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.

Further Reading

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

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