Yousif Capital Management LLC Has $1.04 Million Stock Holdings in Brighthouse Financial, Inc. $BHF

Yousif Capital Management LLC trimmed its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,281 shares of the company’s stock after selling 921 shares during the quarter. Yousif Capital Management LLC’s holdings in Brighthouse Financial were worth $1,037,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BHF. IFP Advisors Inc grew its holdings in Brighthouse Financial by 1,900.0% in the second quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $40,000 after purchasing an additional 703 shares during the period. Brooklyn Investment Group lifted its stake in shares of Brighthouse Financial by 42.0% in the first quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock valued at $44,000 after buying an additional 226 shares in the last quarter. Ameriflex Group Inc. lifted its stake in shares of Brighthouse Financial by 12,371.4% in the second quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock valued at $47,000 after buying an additional 866 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of 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 buying an additional 735 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Brighthouse Financial by 19.4% in the second quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $73,000 after buying an additional 222 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Stock Up 1.0%

BHF opened at $47.10 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50-day moving average is $48.56 and its 200 day moving average is $52.00. Brighthouse Financial, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $64.12. The firm has a market capitalization 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 results 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). Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the business earned $5.57 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. Research analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BHF shares. Wells Fargo & Company raised their price objective on shares of Brighthouse Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Barclays dropped their price objective on shares of Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. JPMorgan Chase & Co. raised their price objective on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an “underweight” rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Brighthouse Financial from $57.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, August 11th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $53.00 price objective on shares of Brighthouse Financial in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Brighthouse Financial has a consensus rating of “Hold” and an average target price of $59.30.

Brighthouse Financial Company 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.