Bayesian Capital Management LP Purchases Shares of 12,381 Brighthouse Financial, Inc. (NASDAQ:BHF)

Bayesian Capital Management LP bought a new position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,381 shares of the company's stock, valued at approximately $595,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aster Capital Management DIFC Ltd lifted its holdings in shares of Brighthouse Financial by 327.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock valued at $44,000 after purchasing an additional 703 shares in the last quarter. KBC Group NV raised its holdings in Brighthouse Financial by 33.1% during the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock valued at $128,000 after buying an additional 663 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Brighthouse Financial in the fourth quarter valued at about $217,000. Guggenheim Capital LLC acquired a new stake in shares of Brighthouse Financial in the fourth quarter valued at about $227,000. Finally, Polymer Capital Management US LLC acquired a new stake in Brighthouse Financial during the fourth quarter worth about $233,000. Institutional investors and hedge funds own 81.24% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BHF. Barclays lifted their target price on Brighthouse Financial from $75.00 to $76.00 and gave the stock an "overweight" rating in a research report on Friday. Raymond James upgraded shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price objective for the company in a research report on Tuesday, March 18th. Wells Fargo & Company dropped their price target on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Jefferies Financial Group cut shares of Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 target price for the company. in a research report on Monday, February 3rd. Finally, UBS Group set a $72.00 price objective on shares of Brighthouse Financial in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.10.

Brighthouse Financial Stock Up 2.1%

BHF stock traded up $1.22 during trading hours on Monday, reaching $59.96. 182,310 shares of the stock were exchanged, compared to its average volume of 560,343. The firm's 50-day moving average is $54.60 and its 200-day moving average is $53.19. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 11.59 and a beta of 0.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $4.17 earnings per share for the quarter, missing the consensus estimate of $4.79 by ($0.62). Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.25 earnings per share. On average, equities research analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

About Brighthouse Financial

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.