Athos Capital Ltd Acquires Shares of 100,000 Brighthouse Financial, Inc. $BHF

Key Points

• Athos Capital Ltd acquired 100,000 Brighthouse Financial shares valued at approximately $6.33 million, representing about 0.17% of the company and 2.2% of Athos Capital’s portfolio.
• Institutional investors own 81.24% of Brighthouse Financial. Analyst sentiment remains cautious, with eight Hold ratings, two Sell ratings, a consensus “Reduce” rating, and a $60.50 target price.
• Brighthouse Financial’s latest quarterly results fell short of expectations, with EPS of $4.45 versus the $4.86 consensus and revenue of $1.62 billion versus estimates of $2.18 billion; revenue declined 2% year over year.

Athos Capital Ltd acquired a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 100,000 shares of the company's stock, valued at approximately $6,330,000. Brighthouse Financial makes up approximately 2.2% of Athos Capital Ltd's portfolio, making the stock its 13th largest holding. Athos Capital Ltd owned about 0.17% of Brighthouse Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in BHF. Mercer Global Advisors Inc. ADV grew its position in Brighthouse Financial by 0.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company's stock worth $1,772,000 after acquiring an additional 183 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Brighthouse Financial by 8.7% in the first quarter. Parallel Advisors LLC now owns 2,795 shares of the company's stock worth $167,000 after purchasing an additional 224 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company's stock worth $31,000 after buying an additional 226 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in Brighthouse Financial by 0.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 32,275 shares of the company's stock worth $2,090,000 after buying an additional 273 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Brighthouse Financial by 2.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 11,735 shares of the company's stock valued at $703,000 after buying an additional 300 shares in the last quarter. Institutional investors own 81.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Brighthouse Financial from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Brighthouse Financial in a research note on Friday, August 7th. Finally, Wall Street Zen raised shares of Brighthouse Financial to a "hold" rating in a report on Sunday, July 12th. Eight research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $60.50.

Brighthouse Financial Price Performance

NASDAQ BHF opened at $52.27 on Monday. Brighthouse Financial, Inc. has a 1-year low of $42.07 and a 1-year high of $66.80. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 4.17 and a beta of 0.87. The stock's 50 day moving average is $62.27 and its two-hundred day moving average is $61.91. 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 issued its earnings results 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). Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company posted $3.43 earnings per share. The company's quarterly revenue was down 2.0% on a year-over-year basis. Equities analysts forecast that Brighthouse Financial, Inc. will post 18.83 earnings per share for the current fiscal year.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company's core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.

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