Kintayl Capital LP Acquires New Holdings in Brighthouse Financial, Inc. $BHF

Kintayl Capital LP bought a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,913 shares of the company’s stock, valued at approximately $1,514,000.

Other hedge funds have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its position in 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 buying an additional 183 shares during the period. Parallel Advisors LLC lifted its stake 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 boosted its stake in Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after acquiring an additional 226 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Brighthouse Financial by 0.9% in the 4th 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 during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Brighthouse Financial by 2.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,735 shares of the company’s stock valued at $703,000 after buying an additional 300 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on BHF. Wall Street Zen upgraded Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Brighthouse Financial in a report on Friday, August 7th. Finally, Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Eight investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $60.50.

Brighthouse Financial Trading Down 0.1%

NASDAQ BHF opened at $51.87 on Wednesday. The firm has a market capitalization of $2.98 billion, a P/E ratio of 4.14 and a beta of 0.87. The business has a fifty day simple moving average of $61.82 and a 200 day simple moving average of $61.74. Brighthouse Financial, Inc. has a 12 month low of $42.07 and a 12 month high of $66.80. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm earned $3.43 earnings per share. Brighthouse Financial’s revenue was down 2.0% compared to the same quarter last year. On average, analysts predict that Brighthouse Financial, Inc. will post 18.83 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.