Two Sigma Advisers LP Reduces Stake in Brighthouse Financial, Inc. (NASDAQ:BHF)

Two Sigma Advisers LP lowered its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 291,900 shares of the company's stock after selling 28,800 shares during the period. Two Sigma Advisers LP owned 0.49% of Brighthouse Financial worth $14,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Shay Capital LLC purchased a new stake in Brighthouse Financial in the fourth quarter valued at $480,000. Siemens Fonds Invest GmbH purchased a new stake in Brighthouse Financial in the fourth quarter valued at $94,000. Raiffeisen Bank International AG purchased a new stake in Brighthouse Financial in the fourth quarter valued at $488,000. Quantinno Capital Management LP raised its position in Brighthouse Financial by 34.5% in the fourth quarter. Quantinno Capital Management LP now owns 62,827 shares of the company's stock valued at $3,018,000 after purchasing an additional 16,120 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in Brighthouse Financial in the fourth quarter valued at $378,000. Institutional investors and hedge funds own 81.24% of the company's stock.

Wall Street Analyst Weigh In

BHF has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on Brighthouse Financial from $56.00 to $59.00 and gave the company a "market perform" rating in a report on Tuesday, May 13th. Morgan Stanley boosted their price objective on Brighthouse Financial from $41.00 to $45.00 and gave the company an "underweight" rating in a report on Monday, May 19th. Wells Fargo & Company cut their price objective on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Barclays upped their price target on Brighthouse Financial from $75.00 to $76.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Piper Sandler upped their price target on Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $60.80.

Brighthouse Financial Stock Performance

BHF traded up $1.73 on Tuesday, hitting $59.64. 137,464 shares of the company traded hands, compared to its average volume of 575,022. The company has a 50 day moving average of $55.60 and a 200-day moving average of $54.01. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $3.42 billion, a PE ratio of 11.52 and a beta of 0.96. Brighthouse Financial, Inc. has a 12-month low of $40.00 and a 12-month high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.55). The company had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.29 billion. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. The firm's revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $4.25 earnings per share. Sell-side analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

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.