IFP Advisors Inc Increases Holdings in Brighthouse Financial, Inc. $BHF

IFP Advisors Inc lifted its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 1,900.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 740 shares of the company’s stock after purchasing an additional 703 shares during the period. IFP Advisors Inc’s holdings in Brighthouse Financial were worth $40,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BHF. Brooklyn Investment Group lifted its holdings in Brighthouse Financial by 42.0% during the first quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock worth $44,000 after buying an additional 226 shares during the period. Ameriflex Group Inc. lifted its holdings in Brighthouse Financial by 12,371.4% during the second quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock worth $47,000 after buying an additional 866 shares during the period. Jones Financial Companies Lllp lifted its holdings in Brighthouse Financial by 835.2% during the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after buying an additional 735 shares during the period. Parallel Advisors LLC lifted its holdings in Brighthouse Financial by 19.4% during the second quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock worth $73,000 after buying an additional 222 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Brighthouse Financial by 11.0% during the first quarter. GAMMA Investing LLC now owns 2,035 shares of the company’s stock worth $118,000 after buying an additional 202 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Evercore ISI lowered their target price on Brighthouse Financial from $65.00 to $55.00 and set an “in-line” rating for the company in a report on Thursday, October 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Brighthouse Financial in a report on Tuesday, October 14th. Keefe, Bruyette & Woods lowered their target price on Brighthouse Financial from $57.00 to $50.00 and set a “market perform” rating for the company in a report on Monday, August 11th. Piper Sandler restated a “neutral” rating and set a $53.00 target price on shares of Brighthouse Financial in a report on Tuesday, October 7th. Finally, Barclays decreased their price objective on Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Brighthouse Financial currently has a consensus rating of “Hold” and a consensus price target of $59.30.

Brighthouse Financial Stock Performance

Shares of BHF opened at $47.10 on Wednesday. The stock has a 50-day moving average of $48.56 and a two-hundred day moving average of $52.00. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $64.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $2.69 billion, a P/E ratio of 5.10 and a beta of 0.86.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Thursday, August 7th. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $4.70 by ($1.27). The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.57 EPS. As a group, research analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Brighthouse Financial Profile

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 consists of 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.