Mint Tower Capital Management B.V. Purchases Shares of 25,000 Brighthouse Financial, Inc. $BHF

Mint Tower Capital Management B.V. acquired a new position in Brighthouse Financial, Inc. (NASDAQ:BHF) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 25,000 shares of the company’s stock, valued at approximately $1,583,000.

Several other hedge funds and other institutional investors have also modified their holdings of BHF. Mercer Global Advisors Inc. ADV grew its holdings in shares of Brighthouse Financial by 0.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company’s stock worth $1,772,000 after purchasing an additional 183 shares during the period. Parallel Advisors LLC raised its holdings in Brighthouse Financial by 8.7% in the first quarter. Parallel Advisors LLC now owns 2,795 shares of the company’s stock valued at $167,000 after buying an additional 224 shares during the period. Smartleaf Asset Management LLC lifted its position in Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after buying an additional 226 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in Brighthouse Financial by 0.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 32,275 shares of the company’s stock valued at $2,090,000 after buying an additional 273 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Brighthouse Financial by 2.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 11,735 shares of the company’s stock worth $703,000 after buying an additional 300 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BHF shares. 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 raised shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings upgraded Brighthouse Financial from a “sell (d+)” rating to a “hold (c+)” rating in a report on Tuesday. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Brighthouse Financial has an average rating of “Reduce” and an average price target of $60.50.

Brighthouse Financial Stock Performance

Brighthouse Financial stock opened at $53.04 on Friday. The firm has a market capitalization of $3.05 billion, a PE ratio of 4.23 and a beta of 0.87. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.80. The stock’s 50 day moving average price is $61.21 and its 200 day moving average price is $61.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.96.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.86 by ($0.41). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $2.18 billion. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $3.43 EPS. As a group, sell-side analysts expect that Brighthouse Financial, Inc. will post 18.91 EPS for the current fiscal year.

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.