Jacobs Levy Equity Management Inc. Decreases Stock Holdings in Brighthouse Financial, Inc. $BHF

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Brighthouse Financial by 11.7%, selling 86,020 shares and now owning approximately 1.12% of the company valued at $37.5 million.
• Brighthouse Financial reported earnings per share of $3.43 for the quarter, missing analysts' expectations of $4.70, with revenues declining 2.8% year-over-year.
• Brighthouse Financial currently has a market cap of $2.48 billion and a consensus analyst rating of "Hold," with an average price target of $59.67.

Jacobs Levy Equity Management Inc. trimmed its position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 11.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 646,669 shares of the company's stock after selling 86,020 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.12% of Brighthouse Financial worth $37,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Brighthouse Financial by 188.0% in the first quarter. Versant Capital Management Inc now owns 622 shares of the company's stock valued at $36,000 after acquiring an additional 406 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Brighthouse Financial by 42.0% during the first quarter. Brooklyn Investment Group now owns 764 shares of the company's stock valued at $44,000 after acquiring an additional 226 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Brighthouse Financial by 101.7% during the first quarter. UMB Bank n.a. now owns 1,200 shares of the company's stock valued at $70,000 after acquiring an additional 605 shares in the last quarter. Siemens Fonds Invest GmbH acquired a new position in shares of Brighthouse Financial during the fourth quarter valued at about $94,000. Finally, GAMMA Investing LLC increased its holdings in shares of Brighthouse Financial by 11.0% during the first quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock valued at $118,000 after acquiring an additional 202 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Stock Performance

Brighthouse Financial stock traded up $0.47 during mid-day trading on Thursday, hitting $49.22. The company had a trading volume of 257,623 shares, compared to its average volume of 848,386. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55. Brighthouse Financial, Inc. has a 12-month low of $40.85 and a 12-month high of $64.12. The company's fifty day moving average is $47.87 and its 200-day moving average is $53.35. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 5.31 and a beta of 0.87.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BHF. Keefe, Bruyette & Woods cut 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. Wall Street Zen downgraded shares of Brighthouse Financial from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Wells Fargo & Company upped 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 objective on shares of Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating on the stock in a report on Monday, July 14th. Finally, Barclays cut their price objective on shares of Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $59.67.

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.