Caxton Associates LLP Purchases 11,854 Shares of Brighthouse Financial, Inc. $BHF

Caxton Associates LLP grew its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 18.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,307 shares of the company’s stock after acquiring an additional 11,854 shares during the period. Caxton Associates LLP owned about 0.14% of Brighthouse Financial worth $4,157,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its holdings in Brighthouse Financial by 0.4% during the 1st quarter. LPL Financial LLC now owns 39,718 shares of the company’s stock valued at $2,303,000 after purchasing an additional 173 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Brighthouse Financial by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,598 shares of the company’s stock worth $209,000 after buying an additional 181 shares during the last quarter. Four Tree Island Advisory LLC increased its stake in shares of Brighthouse Financial by 1.8% during the second quarter. Four Tree Island Advisory LLC now owns 12,262 shares of the company’s stock valued at $659,000 after buying an additional 214 shares during the period. Parallel Advisors LLC raised its holdings in shares of Brighthouse Financial by 19.4% during the second quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $73,000 after acquiring an additional 222 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Brighthouse Financial by 42.0% during the first quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock valued at $44,000 after acquiring an additional 226 shares in the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Price Performance

BHF stock opened at $65.40 on Friday. The business has a 50 day moving average of $57.76 and a 200 day moving average of $53.50. The firm has a market cap of $3.74 billion, a PE ratio of 4.46 and a beta of 0.97. Brighthouse Financial, Inc. has a twelve month low of $42.07 and a twelve month high of $66.33. 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 (NASDAQ:BHF) last released 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). Brighthouse Financial had a return on equity of 20.59% and a net margin of 15.39%.The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company posted $3.99 earnings per share. The company’s revenue was down 10.0% on a year-over-year basis. On average, research analysts forecast that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company boosted 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 report on Wednesday, October 8th. Morgan Stanley set a $70.00 target price on shares of Brighthouse Financial in a research note on Thursday, November 6th. Raymond James Financial reissued a “market perform” rating on shares of Brighthouse Financial in a research note on Wednesday, November 12th. Zacks Research cut Brighthouse Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 18th. Finally, Keefe, Bruyette & Woods upped their target price on Brighthouse Financial from $50.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price 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.