GSA Capital Partners LLP Buys Shares of 15,582 Brighthouse Financial, Inc. $BHF

GSA Capital Partners LLP purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 15,582 shares of the company’s stock, valued at approximately $986,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BHF. Millennium Management LLC grew its position in Brighthouse Financial by 156.2% in the first quarter. Millennium Management LLC now owns 262,890 shares of the company’s stock worth $15,245,000 after acquiring an additional 160,272 shares during the period. Jones Financial Companies Lllp raised its position in Brighthouse Financial by 835.2% in the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after purchasing an additional 735 shares during the period. United Services Automobile Association acquired a new position in shares of Brighthouse Financial in the 1st quarter valued at $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 valued at $12,128,000 after purchasing an additional 13,245 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Brighthouse Financial by 12.5% during the 2nd quarter. Prudential Financial Inc. now owns 6,509 shares of the company’s stock worth $350,000 after purchasing an additional 725 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

BHF has been the subject of a number of recent analyst reports. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brighthouse Financial in a research report on Friday, August 7th. Finally, Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Eight analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $60.50.

Brighthouse Financial Stock Down 5.0%

Shares of NASDAQ BHF opened at $55.74 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $63.06 and its two-hundred day moving average is $62.22. Brighthouse Financial, Inc. has a 52-week low of $42.07 and a 52-week high of $66.80. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 4.45 and a beta of 0.87.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Thursday, August 6th. The company reported $4.45 EPS for the quarter, missing the consensus estimate of $4.86 by ($0.41). Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the business earned $3.43 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Research analysts predict that Brighthouse Financial, Inc. will post 19.2 EPS 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.