Nomura Holdings Inc. Grows Position in Brighthouse Financial, Inc. $BHF

Key Points

• Nomura Holdings Inc. significantly increased its stake in Brighthouse Financial by 1,082.6%, owning a total of **93,140 shares** valued at approximately **$5.4 million** at the end of the last quarter.
• Brighthouse Financial's stock opened at **$47.26**, with a market cap of **$2.70 billion**, and reported a disappointing **$3.43 EPS**, missing analysts' expectations of **$4.70 EPS**.
• Wall Street analysts have varied ratings for Brighthouse Financial, with one strong buy, one buy, four holds, and two sells, resulting in a consensus rating of **"Hold"** and an average price target of **$59.67**.

Nomura Holdings Inc. boosted its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 1,082.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,140 shares of the company's stock after purchasing an additional 85,264 shares during the quarter. Nomura Holdings Inc. owned about 0.16% of Brighthouse Financial worth $5,401,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Trexquant Investment LP grew its position in Brighthouse Financial by 19.7% in the 1st quarter. Trexquant Investment LP now owns 40,294 shares of the company's stock valued at $2,337,000 after purchasing an additional 6,630 shares during the period. Redwood Investment Management LLC acquired a new stake in Brighthouse Financial in the 1st quarter valued at $1,306,000. FORA Capital LLC acquired a new stake in Brighthouse Financial in the 1st quarter valued at $276,000. Jump Financial LLC acquired a new stake in Brighthouse Financial in the 1st quarter valued at $5,670,000. Finally, Capital Fund Management S.A. acquired a new stake in Brighthouse Financial in the 1st quarter valued at $634,000. Institutional investors and hedge funds own 81.24% of the company's stock.

Brighthouse Financial Stock Performance

Shares of NASDAQ:BHF traded down $0.87 during midday trading on Friday, reaching $43.36. The company had a trading volume of 643,378 shares, compared to its average volume of 619,426. The company's 50 day moving average price is $48.28 and its 200 day moving average price is $53.65. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2.48 billion, a P/E ratio of 4.69 and a beta of 0.87. Brighthouse Financial, Inc. has a 52-week low of $40.00 and a 52-week high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its quarterly 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 company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.21 billion. Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.Brighthouse Financial's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $5.57 earnings per share. As a group, sell-side analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on BHF. Piper Sandler cut their price objective on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. Morgan Stanley cut their price objective on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating on the stock in a report on Monday, July 14th. Keefe, Bruyette & Woods cut their price objective 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 cut their price objective on shares of Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. 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 given a Sell rating to the company's stock. According to MarketBeat, Brighthouse Financial currently has an average rating of "Hold" and a consensus 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.