Brighthouse Financial, Inc. $BHF Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd raised its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 594.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,410 shares of the company’s stock after acquiring an additional 143,304 shares during the quarter. WINTON GROUP Ltd owned approximately 0.29% of Brighthouse Financial worth $10,846,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Brighthouse Financial by 66.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after purchasing an additional 226 shares during the period. Clearstead Advisors LLC lifted its position in Brighthouse Financial by 540.4% during the 3rd quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock worth $34,000 after acquiring an additional 535 shares during the period. Hantz Financial Services Inc. lifted its position in Brighthouse Financial by 225.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock worth $35,000 after acquiring an additional 460 shares during the period. Danske Bank A S purchased a new position in shares of Brighthouse Financial during the 3rd quarter worth approximately $37,000. Finally, Jones Financial Companies Lllp raised its stake 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 worth $48,000 after buying an additional 735 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BHF. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings cut Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $67.00 target price on shares of Brighthouse Financial in a report on Thursday, March 26th. Finally, Argus raised Brighthouse Financial to a “hold” rating in a research report on Thursday, March 26th. Eight research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $60.86.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock opened at $62.65 on Friday. The business’s fifty day moving average price is $61.67 and its 200 day moving average price is $62.92. The stock has a market capitalization of $3.60 billion, a P/E ratio of -21.02 and a beta of 0.86. Brighthouse Financial, Inc. has a twelve month low of $42.07 and a twelve month high of $66.33. 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 (NASDAQ:BHF) last issued 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 company 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 for the quarter was down 29.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.17 EPS. As a group, research analysts anticipate that Brighthouse Financial, Inc. will post 19.79 earnings per share for the current year.

Brighthouse Financial 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.