Maven Securities LTD Takes $1.91 Million Position in Brighthouse Financial, Inc. $BHF

Key Points

• Maven Securities LTD acquired 30,235 shares of Brighthouse Financial worth approximately $1.91 million, representing about 0.05% of the company. Institutional investors 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 fell short of expectations and declined 2% year over year.
• BHF shares opened at $52.24, below the consensus analyst price target of $60.50. Analysts maintain a consensus “Reduce” rating, with nine Holds and one Sell.

Maven Securities LTD acquired a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,235 shares of the company's stock, valued at approximately $1,914,000. Maven Securities LTD owned about 0.05% of Brighthouse Financial at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new position in Brighthouse Financial during the 2nd quarter valued at about $27,000. NewEdge Advisors LLC raised its holdings in shares of Brighthouse Financial by 442.5% during the fourth quarter. NewEdge Advisors LLC now owns 434 shares of the company's stock valued at $28,000 after purchasing an additional 354 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Brighthouse Financial by 390.3% during the first quarter. Bessemer Group Inc. now owns 505 shares of the company's stock valued at $30,000 after purchasing an additional 402 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Brighthouse Financial by 66.5% during 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. Finally, Danske Bank A S bought a new position in Brighthouse Financial during the third quarter valued at approximately $37,000. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF opened at $52.24 on Wednesday. The firm's 50 day moving average price is $59.82 and its 200-day moving average price is $61.00. Brighthouse Financial, Inc. has a twelve month low of $44.51 and a twelve month high of $66.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $3.00 billion, a PE ratio of 4.17, a price-to-earnings-growth ratio of 0.71 and a beta of 0.84.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.86 by ($0.41). Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm posted $3.43 earnings per share. The business's quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts expect that Brighthouse Financial, Inc. will post 18.96 EPS for the current year.

Analysts Set New Price Targets

BHF has been the topic of several research reports. Zacks Research upgraded shares of Brighthouse Financial from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. Wall Street Zen raised Brighthouse Financial to a "hold" rating in a report on Sunday, July 12th. Finally, Weiss Ratings upgraded Brighthouse Financial from a "sell (d+)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Brighthouse Financial currently has a consensus rating of "Reduce" and a consensus price target of $60.50.

About Brighthouse Financial

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.

Want to see what other hedge funds are holding BHF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.