Maverick Capital Ltd. Has $733,000 Position in Brighthouse Financial, Inc. $BHF

Key Points

• Maverick Capital Ltd. increased its holdings in Brighthouse Financial by 85.6% during the first quarter, owning 12,634 shares worth approximately $733,000 as of their latest filing.
• Brighthouse Financial reported earnings per share (EPS) of $3.43 for the last quarter, missing estimates of $4.70, and had a year-over-year revenue decrease of 2.8%.
• Current consensus rating for Brighthouse Financial is "Hold" with a price target of $59.67, as reflected by multiple analysts' reports adjusting their target prices recently.

Maverick Capital Ltd. increased its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 85.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,634 shares of the company's stock after acquiring an additional 5,828 shares during the quarter. Maverick Capital Ltd.'s holdings in Brighthouse Financial were worth $733,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BHF. LPL Financial LLC grew its holdings in Brighthouse Financial by 0.4% during the 1st quarter. LPL Financial LLC now owns 39,718 shares of the company's stock worth $2,303,000 after acquiring an additional 173 shares during the period. PNC Financial Services Group Inc. grew its holdings in Brighthouse Financial by 5.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,598 shares of the company's stock worth $209,000 after acquiring an additional 181 shares during the period. GAMMA Investing LLC grew its stake in shares of Brighthouse Financial by 11.0% during the first quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock worth $118,000 after purchasing an additional 202 shares during the period. Brooklyn Investment Group increased its holdings in Brighthouse Financial by 42.0% in the first quarter. Brooklyn Investment Group now owns 764 shares of the company's stock valued at $44,000 after purchasing an additional 226 shares during the last quarter. Finally, Mariner LLC increased its holdings in Brighthouse Financial by 4.2% in the fourth quarter. Mariner LLC now owns 6,055 shares of the company's stock valued at $291,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods dropped their price objective on Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating for the company in a report on Monday, August 11th. Barclays reduced their price target on shares of Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Piper Sandler reduced their price target on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating on the stock in a research report on Thursday, July 3rd. JPMorgan Chase & Co. lifted their price target on shares of Brighthouse Financial from $56.00 to $63.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company raised their price objective on shares of Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $59.67.

Brighthouse Financial Stock Down 2.0%

Brighthouse Financial stock traded down $0.87 during mid-day trading on Friday, reaching $43.36. The company's stock had a trading volume of 643,378 shares, compared to its average volume of 588,738. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 4.69 and a beta of 0.87. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The business's 50 day simple moving average is $48.28 and its 200 day simple moving average is $53.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93.

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

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.