Capital Fund Management S.A. Has $1.29 Million Position in Brighthouse Financial, Inc. $BHF

Capital Fund Management S.A. boosted its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 118.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,911 shares of the company’s stock after buying an additional 12,976 shares during the period. Capital Fund Management S.A.’s holdings in Brighthouse Financial were worth $1,286,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BHF. IFP Advisors Inc increased its position 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 acquiring an additional 703 shares in the last quarter. Brooklyn Investment Group boosted its stake in Brighthouse Financial by 42.0% during the 1st 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. increased its holdings in Brighthouse Financial by 12,371.4% during the 2nd quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock worth $47,000 after purchasing an additional 866 shares in the last quarter. Jones Financial Companies Lllp raised 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 worth $48,000 after purchasing an additional 735 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Brighthouse Financial by 7,756.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,257 shares of the company’s stock valued at $68,000 after purchasing an additional 1,241 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on BHF. Morgan Stanley set a $70.00 target price on shares of Brighthouse Financial in a research note on Thursday, November 6th. Piper Sandler restated a “neutral” rating and set a $53.00 price target on shares of Brighthouse Financial in a report on Tuesday, October 7th. Barclays decreased 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. Keefe, Bruyette & Woods lifted their target price on shares of Brighthouse Financial from $50.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, November 7th. Finally, Zacks Research lowered Brighthouse Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Brighthouse Financial has an average rating of “Reduce” and an average target price of $63.70.

Brighthouse Financial Trading Down 0.1%

Shares of BHF stock opened at $65.52 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. The firm has a market cap of $3.75 billion, a P/E ratio of 4.47 and a beta of 0.97. The company has a 50 day moving average of $56.35 and a 200-day moving average of $53.29. Brighthouse Financial, Inc. has a 12-month low of $42.07 and a 12-month high of $66.33.

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

About Brighthouse Financial

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.