Interval Partners LP Takes $3.09 Million Position in Brighthouse Financial, Inc. $BHF

Key Points

• Interval Partners LP has made a new investment in Brighthouse Financial, Inc., acquiring 53,352 shares valued at approximately $3,094,000, which represents about 0.09% of the company.
• Brighthouse Financial reported earnings per share (EPS) of $3.43 for the last quarter, missing analysts' expectations by $1.27, with revenues declining 2.8% year-over-year.
• Recent analyst ratings for Brighthouse Financial are mixed, with price targets ranging from $42.00 to $65.00, and an average rating of "Hold".

Interval Partners LP purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,352 shares of the company's stock, valued at approximately $3,094,000. Interval Partners LP owned about 0.09% of Brighthouse Financial as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cinctive Capital Management LP acquired a new position in shares of Brighthouse Financial in the first quarter valued at approximately $6,329,000. Maverick Capital Ltd. boosted its stake in shares of Brighthouse Financial by 85.6% in the first quarter. Maverick Capital Ltd. now owns 12,634 shares of the company's stock valued at $733,000 after buying an additional 5,828 shares during the period. Royal Bank of Canada boosted its stake in shares of Brighthouse Financial by 41.0% in the first quarter. Royal Bank of Canada now owns 985,215 shares of the company's stock valued at $57,134,000 after buying an additional 286,607 shares during the period. Nomura Holdings Inc. boosted its stake in shares of Brighthouse Financial by 1,082.6% in the first quarter. Nomura Holdings Inc. now owns 93,140 shares of the company's stock valued at $5,401,000 after buying an additional 85,264 shares during the period. Finally, Trexquant Investment LP boosted its stake in shares of Brighthouse Financial by 19.7% in the first quarter. Trexquant Investment LP now owns 40,294 shares of the company's stock valued at $2,337,000 after buying an additional 6,630 shares during the period. Institutional investors and hedge funds own 81.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BHF shares. Keefe, Bruyette & Woods cut their price target on Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating for the company in a research note on Monday, August 11th. Barclays cut their price target on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Morgan Stanley cut their target price on Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating for the company in a research note on Monday, July 14th. Wall Street Zen cut shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of Brighthouse Financial from $56.00 to $63.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. One research 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Brighthouse Financial presently has a consensus rating of "Hold" and a consensus target price of $59.67.

Brighthouse Financial Stock Performance

Brighthouse Financial stock traded up $0.47 during mid-day trading on Thursday, reaching $49.22. The company's stock had a trading volume of 257,623 shares, compared to its average volume of 848,386. The firm's fifty day moving average price is $47.87 and its two-hundred day moving average price is $53.35. The company has a market capitalization of $2.81 billion, a P/E ratio of 5.31 and a beta of 0.87. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93. Brighthouse Financial, Inc. has a 12-month low of $40.85 and a 12-month high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $3.43 EPS for the quarter, missing analysts' consensus estimates of $4.70 by ($1.27). The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.21 billion. Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $5.57 earnings per share. Sell-side analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current fiscal year.

Brighthouse Financial Company Profile

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.