Four Tree Island Advisory LLC Purchases 10,500 Shares of Brighthouse Financial, Inc. $BHF

Four Tree Island Advisory LLC grew its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 85.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,762 shares of the company’s stock after purchasing an additional 10,500 shares during the quarter. Brighthouse Financial comprises 0.8% of Four Tree Island Advisory LLC’s portfolio, making the stock its 14th biggest holding. Four Tree Island Advisory LLC’s holdings in Brighthouse Financial were worth $1,210,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BHF. Norges Bank acquired a new stake in Brighthouse Financial in the 2nd quarter valued at approximately $41,182,000. First Trust Advisors LP grew its stake in shares of Brighthouse Financial by 2,224.3% in the second quarter. First Trust Advisors LP now owns 514,080 shares of the company’s stock worth $27,642,000 after acquiring an additional 491,962 shares during the last quarter. Soros Fund Management LLC increased its position in Brighthouse Financial by 47.9% during the second quarter. Soros Fund Management LLC now owns 764,750 shares of the company’s stock worth $41,121,000 after acquiring an additional 247,846 shares during the period. Bank of America Corp DE raised its stake in Brighthouse Financial by 120.1% during the 2nd quarter. Bank of America Corp DE now owns 322,746 shares of the company’s stock valued at $17,354,000 after purchasing an additional 176,101 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Brighthouse Financial by 8.9% in the 2nd quarter. American Century Companies Inc. now owns 2,001,646 shares of the company’s stock valued at $107,629,000 after purchasing an additional 163,626 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Brighthouse Financial stock opened at $63.84 on Friday. The business has a 50 day simple moving average of $64.52 and a 200 day simple moving average of $56.67. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $3.65 billion, a PE ratio of 4.35 and a beta of 0.97. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.33.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BHF shares. Weiss Ratings restated a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday, December 29th. Barclays lowered Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target on the stock. in a research note on Thursday, January 8th. Morgan Stanley set a $70.00 price objective on Brighthouse Financial in a research report on Thursday, November 6th. Keefe, Bruyette & Woods boosted their price objective on Brighthouse Financial from $50.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, November 7th. Finally, Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th. Eight investment analysts have rated the stock with a Hold rating and two have assigned 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 $63.67.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.