Caxton Associates LP Has $1.04 Million Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Caxton Associates LP lowered its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 81.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,740 shares of the company's stock after selling 92,686 shares during the quarter. Caxton Associates LP's holdings in Brighthouse Financial were worth $1,044,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Institute for Wealth Management LLC. acquired a new position in shares of Brighthouse Financial in the 4th quarter worth approximately $287,000. Bank of New York Mellon Corp boosted its position in shares of Brighthouse Financial by 1.8% in the 4th quarter. Bank of New York Mellon Corp now owns 525,388 shares of the company's stock valued at $25,240,000 after purchasing an additional 9,500 shares during the period. Raymond James Financial Inc. acquired a new stake in Brighthouse Financial during the 4th quarter worth about $384,000. SG Americas Securities LLC acquired a new stake in Brighthouse Financial during the 4th quarter worth about $312,000. Finally, Range Financial Group LLC purchased a new stake in Brighthouse Financial during the fourth quarter valued at about $826,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Stock Performance

BHF traded up $0.85 during midday trading on Friday, reaching $58.74. The company's stock had a trading volume of 1,326,117 shares, compared to its average volume of 561,794. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. The stock has a market cap of $3.39 billion, a P/E ratio of 11.38 and a beta of 0.96. The company has a fifty day simple moving average of $54.60 and a 200 day simple moving average of $53.16. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $4.17 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 quarter last year, the firm earned $4.25 EPS. The business's quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on BHF. Morgan Stanley reduced their price target on shares of Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods increased their price target on shares of Brighthouse Financial from $60.00 to $66.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 18th. Piper Sandler upped their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Finally, Barclays increased their price target on shares of Brighthouse Financial from $75.00 to $76.00 and gave the stock an "overweight" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $61.10.

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.