Capital Fund Management S.A. Invests $634,000 in Brighthouse Financial, Inc. $BHF

Key Points

• Capital Fund Management S.A. acquired 10,935 shares of Brighthouse Financial, Inc. for approximately $634,000 in the first quarter of the year.
• Brighthouse Financial recently experienced a downgrade from several research firms, with ratings shifting from "buy" to "hold" and price targets reduced, reflecting market uncertainty.
• The company's latest earnings report showed a miss in EPS, reporting $3.43 against an expected $4.70, alongside a revenue drop of 2.8% year-over-year.

Capital Fund Management S.A. purchased a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,935 shares of the company's stock, valued at approximately $634,000.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in shares of Brighthouse Financial by 188.0% during the first quarter. Versant Capital Management Inc now owns 622 shares of the company's stock valued at $36,000 after acquiring an additional 406 shares during the period. Brooklyn Investment Group increased its position in shares of Brighthouse Financial by 42.0% in the first quarter. Brooklyn Investment Group now owns 764 shares of the company's stock worth $44,000 after acquiring an additional 226 shares in the last quarter. UMB Bank n.a. increased its position in shares of Brighthouse Financial by 101.7% in the first quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock worth $70,000 after acquiring an additional 605 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new position in shares of Brighthouse Financial in the fourth quarter worth approximately $94,000. Finally, GAMMA Investing LLC raised its stake in shares of Brighthouse Financial by 11.0% in the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock valued at $118,000 after acquiring an additional 202 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BHF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating for the company in a research note on Monday, August 11th. Wells Fargo & Company lifted their price objective on Brighthouse Financial from $53.00 to $54.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley lowered their target price on Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating for the company in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their price objective on Brighthouse Financial from $56.00 to $63.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Finally, Barclays decreased their price objective on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $59.67.

Brighthouse Financial Stock Performance

NASDAQ BHF traded up $0.54 during trading on Monday, reaching $47.26. The company's stock had a trading volume of 472,618 shares, compared to its average volume of 630,150. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 5.11 and a beta of 0.87. The firm has a 50 day moving average price of $49.01 and a 200 day moving average price of $54.02.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $3.43 EPS for the quarter, missing the consensus estimate of $4.70 by ($1.27). Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the prior year, the business earned $5.57 earnings per share. Brighthouse Financial's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal 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.