Y Intercept Hong Kong Ltd Has $1.60 Million Stake in Brighthouse Financial, Inc. $BHF

Y Intercept Hong Kong Ltd grew its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 101.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,078 shares of the company’s stock after purchasing an additional 15,177 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.05% of Brighthouse Financial worth $1,597,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BHF. Four Tree Island Advisory LLC lifted its stake in Brighthouse Financial by 1.8% in the 2nd quarter. Four Tree Island Advisory LLC now owns 12,262 shares of the company’s stock valued at $659,000 after acquiring an additional 214 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Brighthouse Financial by 66.5% in the second 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 last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Brighthouse Financial by 1.6% in the third quarter. Harbor Capital Advisors Inc. now owns 23,539 shares of the company’s stock valued at $1,249,000 after purchasing an additional 375 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in shares of Brighthouse Financial by 3.4% in the second quarter. KLP Kapitalforvaltning AS now owns 12,200 shares of the company’s stock worth $656,000 after purchasing an additional 400 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Brighthouse Financial by 0.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 53,428 shares of the company’s stock worth $2,873,000 after purchasing an additional 460 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BHF has been the topic of several recent research reports. Evercore ISI lowered their price target on shares of Brighthouse Financial from $65.00 to $55.00 and set an “in-line” rating on the stock in a research note on Thursday, October 9th. Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 17th. Morgan Stanley set a $70.00 target price on Brighthouse Financial in a research report on Thursday, November 6th. Barclays cut Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a research report on Thursday, January 8th. Finally, Raymond James Financial restated a “market perform” rating on shares of Brighthouse Financial in a research note on Wednesday, November 12th. Nine equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $63.70.

Brighthouse Financial Stock Down 0.2%

BHF stock opened at $64.06 on Friday. Brighthouse Financial, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $66.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 4.37 and a beta of 0.97. The business’s fifty day moving average price is $64.84 and its two-hundred day moving average price is $55.64.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Friday, November 7th. The company reported $4.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.09 by ($0.55). Brighthouse Financial had a return on equity of 20.59% and a net margin of 15.39%.The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company earned $3.99 EPS. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, equities analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current 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.