Credit Industriel ET Commercial Invests $10.06 Million in Brighthouse Financial, Inc. $BHF

Key Points

• Credit Industriel ET Commercial bought a new position of 155,196 shares in Brighthouse Financial valued at approximately $10.06 million, making it the fund's 19th-largest holding and about 0.8% of its portfolio; the firm owns roughly 0.27% of Brighthouse.
• Analysts are broadly bearish: Brighthouse has a consensus rating of "Reduce" with a $60.86 price target, based on eight Holds and three Sells and recent downgrades including Zacks to "strong sell" and Barclays to "equal weight".
• Brighthouse trades with a market cap of $3.6 billion and a PE of 10.82, a 12‑month range of $42.07–$66.33 and 50/200‑day averages near $60–$62, while institutional investors own about 81.24% of the stock.

Credit Industriel ET Commercial purchased a new position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 155,196 shares of the company's stock, valued at approximately $10,055,000. Brighthouse Financial makes up about 0.8% of Credit Industriel ET Commercial's investment portfolio, making the stock its 19th biggest holding. Credit Industriel ET Commercial owned about 0.27% of Brighthouse Financial as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Brighthouse Financial by 66.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company's stock worth $31,000 after purchasing an additional 226 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of Brighthouse Financial by 540.4% in the 3rd quarter. Clearstead Advisors LLC now owns 634 shares of the company's stock worth $34,000 after purchasing an additional 535 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Brighthouse Financial by 225.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 664 shares of the company's stock worth $35,000 after purchasing an additional 460 shares in the last quarter. Danske Bank A S bought a new stake in shares of Brighthouse Financial in the 3rd quarter worth approximately $37,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Brighthouse Financial by 835.2% in the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company's stock worth $48,000 after purchasing an additional 735 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Stock Performance

BHF stock opened at $62.73 on Wednesday. The stock has a market capitalization of $3.60 billion, a PE ratio of 10.82 and a beta of 0.87. Brighthouse Financial, Inc. has a 12-month low of $42.07 and a 12-month high of $66.33. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46. The stock's 50 day simple moving average is $60.77 and its 200 day simple moving average is $61.65.

Analyst Ratings Changes

BHF has been the topic of a number of analyst reports. Zacks Research cut Brighthouse Financial from a "hold" rating to a "strong sell" rating in a research report on Monday, March 30th. Barclays cut Brighthouse Financial from an "overweight" rating to an "equal weight" rating and set a $65.00 price objective on the stock. in a research report on Thursday, January 8th. Keefe, Bruyette & Woods reaffirmed a "hold" rating and issued a $67.00 price objective on shares of Brighthouse Financial in a research report on Thursday, March 26th. Finally, Argus raised Brighthouse Financial to a "hold" rating in a research report on Thursday, March 26th. Eight equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Brighthouse Financial currently has a consensus rating of "Reduce" and a consensus price target of $60.86.

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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