Amundi Has $306,000 Holdings in Brighthouse Financial, Inc. $BHF

Key Points

• Amundi cut its Brighthouse Financial position by 96.1% in the second quarter, selling 118,435 shares and retaining 4,841 shares valued at approximately $306,000.
• Institutional ownership remains high at 81.24%, with several investors increasing or initiating positions, including HSBC, Susquehanna Fundamental Investments, and Mint Tower Capital Management.
• Brighthouse reported weaker-than-expected quarterly results, with EPS of $4.45 versus $4.86 expected and revenue of $1.62 billion versus $2.18 billion forecast. Analysts largely rate the stock “Hold,” while the consensus rating is “Reduce” with a $60.50 price target.

Amundi decreased its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 96.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,841 shares of the company's stock after selling 118,435 shares during the period. Amundi's holdings in Brighthouse Financial were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BHF. Nykredit A S bought a new position in Brighthouse Financial in the 2nd quarter worth approximately $170,000. Susquehanna Fundamental Investments LLC grew its stake in shares of Brighthouse Financial by 8.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 82,230 shares of the company's stock worth $5,205,000 after acquiring an additional 6,328 shares during the last quarter. Hsbc Holdings PLC increased its position in Brighthouse Financial by 59.4% during the second quarter. Hsbc Holdings PLC now owns 865,171 shares of the company's stock worth $54,895,000 after acquiring an additional 322,422 shares during the period. Mint Tower Capital Management B.V. bought a new position in Brighthouse Financial during the second quarter worth $1,583,000. Finally, Empowered Funds LLC acquired a new position in Brighthouse Financial during the 2nd quarter valued at $374,000. 81.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings downgraded shares of Brighthouse Financial from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, September 10th. Wall Street Zen raised shares of Brighthouse Financial to a "hold" rating in a research report on Sunday, July 12th. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $60.50.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF opened at $49.40 on Friday. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 3.94, a PEG ratio of 0.65 and a beta of 0.84. Brighthouse Financial, Inc. has a one year low of $44.51 and a one year high of $66.80. The business has a fifty day simple moving average of $57.75 and a 200 day simple moving average of $60.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.86 by ($0.41). The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $2.18 billion. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The company's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.43 EPS. Sell-side analysts expect that Brighthouse Financial, Inc. will post 18.91 EPS for the current year.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based insurance company focused on helping individuals achieve financial security through annuity and life insurance products. The company serves retail customers, as well as institutions and distribution partners, through a network that includes independent agents, banks, broker-dealers and other financial professionals.

Brighthouse Financial offers fixed, indexed and variable annuities designed to provide retirement income, tax-deferred growth and death-benefit features.

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