Kapitalo Investimentos Ltda Buys New Stake in Brighthouse Financial, Inc. $BHF

Key Points

• Kapitalo Investimentos acquired 67,400 Brighthouse Financial shares worth approximately $4.27 million, representing 0.12% of the company. Institutional investors and hedge funds collectively own 81.24% of BHF.
• Brighthouse Financial reported quarterly EPS of $4.45, below the $4.86 consensus estimate, while revenue of $1.62 billion also missed forecasts and declined 2% year over year.
• BHF shares opened at $51.87, below the analyst consensus price target of $60.50. Analysts maintain a consensus “Reduce” rating, with eight Holds and two Sells.

Kapitalo Investimentos Ltda acquired a new position in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 67,400 shares of the company's stock, valued at approximately $4,266,000. Kapitalo Investimentos Ltda owned 0.12% of Brighthouse Financial as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Mercer Global Advisors Inc. ADV raised its holdings in Brighthouse Financial by 0.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company's stock worth $1,772,000 after purchasing an additional 183 shares during the period. Parallel Advisors LLC boosted its position in Brighthouse Financial by 8.7% during the first quarter. Parallel Advisors LLC now owns 2,795 shares of the company's stock worth $167,000 after purchasing an additional 224 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Brighthouse Financial by 66.5% in the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company's stock valued at $31,000 after purchasing an additional 226 shares during the period. J.W. Cole Advisors Inc. increased its position in shares of Brighthouse Financial by 0.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 32,275 shares of the company's stock valued at $2,090,000 after buying an additional 273 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Brighthouse Financial by 2.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,735 shares of the company's stock valued at $703,000 after buying an additional 300 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Price Performance

NASDAQ:BHF opened at $51.87 on Wednesday. The stock has a 50 day moving average of $61.82 and a two-hundred day moving average of $61.74. Brighthouse Financial, Inc. has a 12 month low of $42.07 and a 12 month high of $66.80. The firm has a market cap of $2.98 billion, a P/E ratio of 4.14 and a beta of 0.87. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.86 by ($0.41). Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm earned $3.43 earnings per share. The business's revenue was down 2.0% on a year-over-year basis. On average, analysts expect that Brighthouse Financial, Inc. will post 18.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BHF shares. Zacks Research upgraded Brighthouse Financial from a "strong sell" rating to a "hold" rating in a research report on Monday, May 18th. Weiss Ratings reissued a "sell (d+)" rating on shares of Brighthouse Financial in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Brighthouse Financial to a "hold" rating in a research report on Sunday, July 12th. Eight investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $60.50.

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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