Dark Forest Capital Management LP Takes $217,000 Position in Brighthouse Financial, Inc. (NASDAQ:BHF)

Dark Forest Capital Management LP acquired a new position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,507 shares of the company's stock, valued at approximately $217,000.

A number of other institutional investors also recently added to or reduced their stakes in BHF. Range Financial Group LLC purchased a new stake in shares of Brighthouse Financial in the fourth quarter valued at $826,000. SG Americas Securities LLC bought a new position in Brighthouse Financial in the 4th quarter worth $312,000. KBC Group NV boosted 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 acquiring an additional 663 shares during the period. Institute for Wealth Management LLC. acquired a new stake in shares of Brighthouse Financial in the fourth quarter valued at about $287,000. Finally, Lecap Asset Management Ltd. increased its stake in shares of Brighthouse Financial by 9.1% in the fourth quarter. Lecap Asset Management Ltd. now owns 5,234 shares of the company's stock worth $251,000 after purchasing an additional 436 shares during the period. Institutional investors and hedge funds own 81.24% of the company's stock.

Brighthouse Financial Price Performance

BHF traded down $0.20 during midday trading on Monday, hitting $58.70. The company had a trading volume of 128,029 shares, compared to its average volume of 557,512. Brighthouse Financial, Inc. has a twelve month low of $40.00 and a twelve month high of $64.12. The firm's 50-day simple moving average is $54.59 and its 200-day simple moving average is $52.87. The company has a market capitalization of $3.39 billion, a PE ratio of 11.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $5.88 EPS for the quarter, beating analysts' consensus estimates of $4.56 by $1.32. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. Equities research analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BHF shares. JPMorgan Chase & Co. lowered their price objective on shares of Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley dropped their price objective on shares of Brighthouse Financial from $52.00 to $41.00 and set an "underweight" rating on the stock in a report 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 note on Monday, February 3rd. Raymond James raised Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target for the company in a report on Tuesday, March 18th. Finally, Wells Fargo & Company lowered 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 report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $62.00.

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.