Bayforest Capital Ltd Has $137,000 Position in Brighthouse Financial, Inc. $BHF

Bayforest Capital Ltd lowered its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 83.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,122 shares of the company’s stock after selling 10,439 shares during the period. Bayforest Capital Ltd’s holdings in Brighthouse Financial were worth $137,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BHF. Citigroup Inc. increased its stake in Brighthouse Financial by 360.5% in the third quarter. Citigroup Inc. now owns 151,891 shares of the company’s stock valued at $8,062,000 after acquiring an additional 118,909 shares during the period. Clear Harbor Asset Management LLC bought a new stake in Brighthouse Financial in the third quarter valued at about $919,000. Four Tree Island Advisory LLC increased its stake in Brighthouse Financial by 85.6% in the third quarter. Four Tree Island Advisory LLC now owns 22,762 shares of the company’s stock valued at $1,210,000 after acquiring an additional 10,500 shares during the period. American Century Companies Inc. increased its stake in Brighthouse Financial by 10.4% in the third quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock valued at $117,321,000 after acquiring an additional 208,630 shares during the period. Finally, Gabelli Funds LLC bought a new stake in Brighthouse Financial in the third quarter valued at about $1,328,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock opened at $61.90 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 10.67 and a beta of 0.92. Brighthouse Financial, Inc. has a 1-year low of $42.07 and a 1-year high of $66.33. The firm’s 50-day moving average price is $61.05 and its two-hundred day moving average price is $60.90.

Analysts Set New Price Targets

A number of research firms recently weighed in on BHF. Barclays cut shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a research note on Thursday, January 8th. Argus raised shares of Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Zacks Research cut shares of Brighthouse Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, March 30th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $67.00 target price on shares of Brighthouse Financial in a research note on Thursday, March 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brighthouse Financial in a research note on Monday, December 29th. Eight analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $60.86.

Brighthouse Financial Company Profile

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.