Y Intercept Hong Kong Ltd Purchases 15,177 Shares of Brighthouse Financial, Inc. $BHF

Y Intercept Hong Kong Ltd raised its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 101.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 30,078 shares of the company’s stock after acquiring an additional 15,177 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Brighthouse Financial were worth $1,597,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its holdings in Brighthouse Financial by 66.5% in the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after purchasing an additional 226 shares during the period. IFP Advisors Inc increased its stake in shares of Brighthouse Financial by 1,900.0% in the second quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $40,000 after buying an additional 703 shares during the period. Ameriflex Group Inc. increased its stake in shares of Brighthouse Financial by 12,371.4% in the second quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock valued at $47,000 after buying an additional 866 shares during the period. Jones Financial Companies Lllp raised its position in shares of 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 acquiring an additional 735 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new position in shares of Brighthouse Financial in the third quarter worth approximately $50,000. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

BHF opened at $64.06 on Friday. Brighthouse Financial, Inc. has a 1 year low of $42.07 and a 1 year high of $66.33. 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 $3.66 billion, a price-to-earnings ratio of 4.37 and a beta of 0.97. The firm’s fifty day moving average price is $64.84 and its two-hundred day moving average price is $55.64.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Friday, November 7th. The company reported $4.54 EPS for the quarter, missing the consensus estimate of $5.09 by ($0.55). The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.26 billion. Brighthouse Financial had a return on equity of 20.59% and a net margin of 15.39%.Brighthouse Financial’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.99 EPS. As a group, analysts anticipate 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 topic of a number of analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Brighthouse Financial in a research note on Wednesday, November 12th. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 17th. Morgan Stanley set a $70.00 price target on Brighthouse Financial in a report on Thursday, November 6th. Evercore ISI dropped their price objective on Brighthouse Financial from $65.00 to $55.00 and set an “in-line” rating on the stock in a research note on Thursday, October 9th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $53.00 target price on shares of Brighthouse Financial in a research note on Tuesday, October 7th. Nine equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $63.70.

Brighthouse Financial 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.