Brighthouse Financial, Inc. (NASDAQ:BHF) is DME Capital Management LP's 3rd Largest Position

DME Capital Management LP lowered its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,835,097 shares of the company's stock after selling 56,952 shares during the period. Brighthouse Financial comprises about 7.0% of DME Capital Management LP's portfolio, making the stock its 3rd biggest position. DME Capital Management LP owned about 4.78% of Brighthouse Financial worth $136,198,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd boosted its holdings in shares of Brighthouse Financial by 327.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after buying an additional 703 shares in the last quarter. KBC Group NV boosted its holdings in shares of Brighthouse Financial by 33.1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after buying an additional 663 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Brighthouse Financial in the 4th quarter valued at about $217,000. Guggenheim Capital LLC bought a new stake in Brighthouse Financial in the 4th quarter valued at about $227,000. Finally, Polymer Capital Management US LLC bought a new position in Brighthouse Financial in the fourth quarter worth approximately $233,000. Institutional investors own 81.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BHF shares. Wells Fargo & Company dropped their price target on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods raised their price target on shares of Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a research report on Tuesday. Morgan Stanley lowered their target price on shares of Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. Piper Sandler increased their target price on shares of Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Raymond James upgraded shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 target price for the company in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $60.40.

Brighthouse Financial Price Performance

Shares of BHF traded up $0.56 during midday trading on Tuesday, hitting $59.99. 556,763 shares of the company traded hands, compared to its average volume of 869,001. The stock has a 50-day moving average of $54.66 and a 200-day moving average of $53.28. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.12. The firm has a market cap of $3.46 billion, a P/E ratio of 11.63 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 (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $4.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.72 by ($0.55). Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. The business had revenue of $2.16 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter last year, the business posted $4.25 EPS. The company's quarterly revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

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.