Clearline Capital LP Buys Shares of 18,000 Brighthouse Financial, Inc. $BHF

Key Points

• Clearline Capital LP acquired a new 18,000‑share stake in Brighthouse Financial in Q3 valued at about $955,000, joining other institutional moves (Citigroup boosted its stake 360.5% to 151,891 shares and American Century holds 2.21M shares); institutional ownership is roughly 81.24%.
• Wall Street sentiment is cautious: Barclays cut BHF from overweight to equal weight with a $65 price target, and the analyst consensus across 10 ratings is an average "Reduce" with a $63.67 price target.
• BHF shares traded near $60.23 with a 52‑week range of $42.07–$66.33; the company has a market cap of $3.44 billion and a P/E of 10.38.

Clearline Capital LP acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,000 shares of the company's stock, valued at approximately $955,000.

Other large investors have also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC acquired a new stake in Brighthouse Financial in the third quarter valued at approximately $919,000. Citigroup Inc. grew its holdings in Brighthouse Financial by 360.5% during the 3rd quarter. Citigroup Inc. now owns 151,891 shares of the company's stock worth $8,062,000 after acquiring an additional 118,909 shares in the last quarter. Four Tree Island Advisory LLC grew its holdings in Brighthouse Financial by 85.6% during the 3rd quarter. Four Tree Island Advisory LLC now owns 22,762 shares of the company's stock worth $1,210,000 after acquiring an additional 10,500 shares in the last quarter. American Century Companies Inc. increased its position in shares of Brighthouse Financial by 10.4% in the 3rd quarter. American Century Companies Inc. now owns 2,210,276 shares of the company's stock valued at $117,321,000 after purchasing an additional 208,630 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in shares of Brighthouse Financial in the 3rd quarter valued at approximately $1,328,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BHF has been the topic of a number of analyst reports. Barclays cut Brighthouse Financial from an "overweight" rating to an "equal weight" rating and set a $65.00 price target on the stock. in a research note on Thursday, January 8th. Zacks Research raised Brighthouse Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Brighthouse Financial in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $63.67.

Brighthouse Financial Price Performance

Shares of BHF opened at $60.23 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.95. Brighthouse Financial, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $66.33. The firm has a 50-day simple moving average of $63.04 and a 200-day simple moving average of $58.75. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 10.38 and a beta of 0.96.

Brighthouse Financial Company Profile

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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