M&T Bank Corp Buys Shares of 11,748 Brighthouse Financial, Inc. (NASDAQ:BHF)

M&T Bank Corp bought a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHFGet Rating) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,748 shares of the company’s stock, valued at approximately $111,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in shares of Brighthouse Financial by 62.4% during the second quarter. Fifth Third Bancorp now owns 1,135 shares of the company’s stock worth $47,000 after purchasing an additional 436 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Brighthouse Financial by 2,511.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,358 shares of the company’s stock worth $56,000 after purchasing an additional 1,306 shares in the last quarter. Atlas Capital Advisors LLC grew its holdings in shares of Brighthouse Financial by 665.6% during the first quarter. Atlas Capital Advisors LLC now owns 1,937 shares of the company’s stock worth $100,000 after purchasing an additional 1,684 shares in the last quarter. Tompkins Financial Corp lifted its position in Brighthouse Financial by 13,333.3% in the 1st quarter. Tompkins Financial Corp now owns 2,015 shares of the company’s stock worth $104,000 after buying an additional 2,000 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Brighthouse Financial in the 1st quarter worth approximately $151,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock opened at $52.61 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.54. The company has a market cap of $3.64 billion, a PE ratio of 4.60 and a beta of 1.37. The business has a 50 day moving average of $50.34 and a 200 day moving average of $47.21. Brighthouse Financial, Inc. has a 52 week low of $38.38 and a 52 week high of $62.33.

Brighthouse Financial (NASDAQ:BHFGet Rating) last announced its earnings results on Monday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.82). The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.97 billion. Brighthouse Financial had a net margin of 10.06% and a return on equity of 9.50%. As a group, equities research analysts forecast that Brighthouse Financial, Inc. will post 11.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

BHF has been the subject of a number of recent research reports. Evercore ISI boosted their target price on Brighthouse Financial to $55.00 in a research report on Tuesday. Barclays boosted their target price on Brighthouse Financial from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, October 14th. Wells Fargo & Company dropped their target price on Brighthouse Financial from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 12th. Morgan Stanley boosted their target price on Brighthouse Financial from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, TheStreet downgraded Brighthouse Financial from a “b” rating to a “c+” rating in a research report on Monday, November 7th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.22.

Brighthouse Financial Profile

(Get Rating)

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.

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Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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