Brighthouse Financial, Inc. $BHF Shares Sold by Ieq Capital LLC

Key Points

• Ieq Capital LLC reduced its stake in Brighthouse Financial, Inc. by 27.0%, selling 9,813 shares and holding 26,576 shares worth approximately $1.54 million.
• Brighthouse Financial's latest earnings report showed an EPS of $3.43, falling short of the consensus estimate of $4.70, with revenue of $2.15 billion, which was also below expectations.
• Wall Street analysts have mixed ratings for Brighthouse Financial, with a consensus price target of $59.67 and varying recommendations, including one "Strong Buy" and several "Hold" and "Sell" ratings.

Ieq Capital LLC reduced its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 27.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,576 shares of the company's stock after selling 9,813 shares during the period. Ieq Capital LLC's holdings in Brighthouse Financial were worth $1,541,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Algebris UK Ltd purchased a new position in shares of Brighthouse Financial in the 1st quarter valued at approximately $11,761,000. American Century Companies Inc. grew its stake in Brighthouse Financial by 9.3% in the 1st quarter. American Century Companies Inc. now owns 1,838,020 shares of the company's stock valued at $106,587,000 after acquiring an additional 155,944 shares during the period. GAMMA Investing LLC grew its stake in Brighthouse Financial by 6,338.1% in the 1st quarter. GAMMA Investing LLC now owns 118,010 shares of the company's stock valued at $6,843,000 after acquiring an additional 116,177 shares during the period. SG Americas Securities LLC grew its stake in Brighthouse Financial by 1,764.2% in the 1st quarter. SG Americas Securities LLC now owns 121,229 shares of the company's stock valued at $7,030,000 after acquiring an additional 114,726 shares during the period. Finally, Nuveen LLC acquired a new stake in Brighthouse Financial in the 1st quarter valued at $6,582,000. 81.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BHF shares. Piper Sandler lowered their target price on shares of Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, July 3rd. Keefe, Bruyette & Woods reduced 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. Wells Fargo & Company boosted their price objective on shares of Brighthouse Financial from $53.00 to $54.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley cut their price target on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating on the stock in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Brighthouse Financial from $56.00 to $63.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Brighthouse Financial currently has a consensus rating of "Hold" and a consensus price target of $59.67.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF traded down $0.87 during trading on Friday, reaching $43.36. The stock had a trading volume of 643,378 shares, compared to its average volume of 619,426. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $2.48 billion, a PE ratio of 4.69 and a beta of 0.87. The firm's 50 day moving average price is $48.28 and its two-hundred day moving average price is $53.58.

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). Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the firm posted $5.57 earnings per share. Brighthouse Financial's revenue was down 2.8% compared to the same quarter last year. On average, research analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal 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.