Brighthouse Financial, Inc. $BHF Shares Purchased by AXQ Capital LP

AXQ Capital LP boosted its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 178.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 25,757 shares of the company’s stock after acquiring an additional 16,502 shares during the period. AXQ Capital LP’s holdings in Brighthouse Financial were worth $1,385,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. IFP Advisors Inc boosted its holdings in shares of Brighthouse Financial by 1,900.0% during 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 last quarter. Brooklyn Investment Group increased its stake in 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 purchasing an additional 226 shares during the last quarter. Ameriflex Group Inc. lifted its position 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 position 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. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Brighthouse Financial by 7,756.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,257 shares of the company’s stock worth $68,000 after buying an additional 1,241 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Stock Up 0.1%

Shares of NASDAQ:BHF opened at $65.57 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.49. Brighthouse Financial, Inc. has a 52-week low of $42.07 and a 52-week high of $66.33. The company has a 50 day moving average of $53.77 and a two-hundred day moving average of $52.89. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 4.47 and a beta of 0.94.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Friday, November 7th. The company reported $4.54 EPS for the quarter, missing analysts’ consensus estimates of $5.09 by ($0.55). The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.26 billion. Brighthouse Financial had a return on equity of 20.59% and a net margin of 15.39%.The company’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.99 earnings per share. As a group, analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BHF has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brighthouse Financial in a research note on Tuesday. Zacks Research downgraded shares of Brighthouse Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday. Morgan Stanley set a $70.00 price target on shares of Brighthouse Financial in a research report on Thursday, November 6th. Raymond James Financial reiterated a “market perform” rating on shares of Brighthouse Financial in a report on Wednesday, November 12th. Finally, Barclays lowered their price objective on shares of Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $63.70.

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.