18,000 Shares in Brighthouse Financial, Inc. $BHF Purchased by Clearline Capital LP

Clearline Capital LP bought a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,000 shares of the company’s stock, valued at approximately $955,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Millennium Management LLC grew its stake in shares of Brighthouse Financial by 156.2% during the 1st 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 during the period. Jones Financial Companies Lllp lifted its position in shares of 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. United Services Automobile Association purchased a new stake in shares of Brighthouse Financial during the 1st quarter worth approximately $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Brighthouse Financial by 6.8% in the 1st 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 acquiring an additional 13,245 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its stake in Brighthouse Financial by 61.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 10,272 shares of the company’s stock valued at $552,000 after purchasing an additional 3,902 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

BHF stock opened at $60.23 on Friday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 10.38 and a beta of 0.96. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.46. Brighthouse Financial, Inc. has a 52-week low of $42.07 and a 52-week high of $66.33. The stock’s fifty day simple moving average is $63.04 and its 200-day simple moving average is $58.75.

Analyst Ratings Changes

BHF has been the subject of several research reports. Barclays downgraded Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a research report on Monday, December 29th. Finally, Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th. Eight investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $63.67.

About Brighthouse Financial

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.