Bridgefront Capital LLC Makes New Investment in Brighthouse Financial, Inc. (NASDAQ:BHF)

Bridgefront Capital LLC bought a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,260 shares of the company's stock, valued at approximately $253,000.

Other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board boosted its position in Brighthouse Financial by 187.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company's stock valued at $87,585,000 after acquiring an additional 1,188,685 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Brighthouse Financial by 12.1% during the 4th quarter. American Century Companies Inc. now owns 1,682,076 shares of the company's stock valued at $80,807,000 after purchasing an additional 181,980 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Brighthouse Financial by 2,632.8% during the 4th quarter. Victory Capital Management Inc. now owns 884,162 shares of the company's stock valued at $42,475,000 after purchasing an additional 851,808 shares during the last quarter. Norges Bank purchased a new stake in shares of Brighthouse Financial during the 4th quarter valued at $37,131,000. Finally, Northern Trust Corp lifted its holdings in shares of Brighthouse Financial by 4.1% during the 4th quarter. Northern Trust Corp now owns 678,920 shares of the company's stock valued at $32,615,000 after purchasing an additional 26,813 shares during the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Trading Up 1.2%

NASDAQ:BHF traded up $0.69 during trading hours on Monday, reaching $59.43. 794,844 shares of the stock were exchanged, compared to its average volume of 562,726. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average of $54.60 and a two-hundred day moving average of $53.19. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 11.52 and a beta of 0.96.

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 (EPS) 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%. During the same period last year, the firm earned $4.25 earnings per share. Brighthouse Financial's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on BHF shares. Jefferies Financial Group lowered Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price objective for the company. in a report on Monday, February 3rd. UBS Group set a $72.00 price target on Brighthouse Financial in a research report on Tuesday, March 18th. Wells Fargo & Company lowered their price target on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Barclays lifted their price target on Brighthouse Financial from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Morgan Stanley cut their price objective on Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating for the company in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $61.10.

Brighthouse Financial Profile

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.