Samlyn Capital LLC Purchases New Stake in Brighthouse Financial, Inc. $BHF

Key Points

• Samlyn Capital LLC acquired 150,892 shares of Brighthouse Financial, Inc. valued at approximately $8.75 million, representing about 0.26% ownership of the company as of the end of the last quarter.
• Brighthouse Financial reported a net margin of 10.24% and earnings per share of $3.43 for the quarter, missing analysts' expectations of $4.70.
• Wall Street has varied ratings for Brighthouse Financial, with a consensus rating of "Hold" and an average target price of $59.67, while JPMorgan Chase recently increased their price objective to $63.00.

Samlyn Capital LLC purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 150,892 shares of the company's stock, valued at approximately $8,750,000. Samlyn Capital LLC owned 0.26% of Brighthouse Financial as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Brighthouse Financial by 41.0% during the first quarter. Royal Bank of Canada now owns 985,215 shares of the company's stock valued at $57,134,000 after acquiring an additional 286,607 shares during the period. Algebris UK Ltd acquired a new position in Brighthouse Financial in the first quarter valued at about $11,761,000. Millennium Management LLC boosted its holdings in Brighthouse Financial by 156.2% during the first quarter. Millennium Management LLC now owns 262,890 shares of the company's stock worth $15,245,000 after buying an additional 160,272 shares during the last quarter. American Century Companies Inc. grew its position in shares of Brighthouse Financial by 9.3% during the 1st quarter. American Century Companies Inc. now owns 1,838,020 shares of the company's stock worth $106,587,000 after buying an additional 155,944 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Brighthouse Financial by 6,338.1% during the 1st quarter. GAMMA Investing LLC now owns 118,010 shares of the company's stock worth $6,843,000 after acquiring an additional 116,177 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Brighthouse Financial Stock Performance

NASDAQ:BHF traded up $0.13 during mid-day trading on Thursday, hitting $48.88. The stock had a trading volume of 982,755 shares, compared to its average volume of 852,873. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The company's 50 day simple moving average is $47.87 and its 200 day simple moving average is $53.35. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 5.29 and a beta of 0.87. Brighthouse Financial, Inc. has a twelve month low of $40.85 and a twelve month high of $64.12.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating on the stock in a report on Monday, August 11th. Barclays dropped their price objective on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Morgan Stanley decreased 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. Wells Fargo & Company increased their price target on Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. One 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 issued a Sell rating to the company's stock. According to MarketBeat, Brighthouse Financial has an average rating of "Hold" and an average target price of $59.67.

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.