WINTON GROUP Ltd Increases Position in Brighthouse Financial, Inc. $BHF

WINTON GROUP Ltd boosted its position in Brighthouse Financial, Inc. (NASDAQ:BHF) by 594.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 167,410 shares of the company’s stock after buying an additional 143,304 shares during the period. WINTON GROUP Ltd’s holdings in Brighthouse Financial were worth $10,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BHF. Dimensional Fund Advisors LP grew its holdings in shares of Brighthouse Financial by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,449,923 shares of the company’s stock valued at $183,131,000 after purchasing an additional 42,652 shares during the last quarter. UBS Group AG boosted its position in shares of Brighthouse Financial by 98.1% during the third quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock worth $181,177,000 after buying an additional 1,690,064 shares during the period. American Century Companies Inc. boosted its position in shares of Brighthouse Financial by 10.4% during the third quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock worth $117,321,000 after buying an additional 208,630 shares during the period. AQR Capital Management LLC boosted its position in shares of Brighthouse Financial by 190.7% during the third quarter. AQR Capital Management LLC now owns 1,396,245 shares of the company’s stock worth $74,113,000 after buying an additional 915,902 shares during the period. Finally, Geode Capital Management LLC lifted its position in Brighthouse Financial by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,070,547 shares of the company’s stock worth $69,375,000 after purchasing an additional 4,537 shares during the period. 81.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BHF has been the topic of a number of research analyst reports. Argus raised Brighthouse Financial to a “hold” rating in a report on Thursday, March 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $67.00 price objective on shares of Brighthouse Financial in a research report on Thursday, March 26th. Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Eight equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $60.86.

Brighthouse Financial Trading Up 0.5%

Brighthouse Financial stock opened at $62.65 on Friday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of -21.02 and a beta of 0.86. The company’s fifty day moving average price is $61.67 and its two-hundred day moving average price is $62.92. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.33. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.91 and a quick ratio of 0.91.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.57 by ($0.22). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.20 billion. Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. The company’s revenue for the quarter was down 29.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.17 earnings per share. On average, analysts forecast that Brighthouse Financial, Inc. will post 19.79 earnings per share for the current fiscal year.

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.