16,366 Shares in Brighthouse Financial, Inc. $BHF Purchased by Scientech Research LLC

Scientech Research LLC bought a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,366 shares of the company's stock, valued at approximately $949,000.

Several other hedge funds have also recently made changes to their positions in BHF. Versant Capital Management Inc boosted its position in shares of Brighthouse Financial by 188.0% during the first quarter. Versant Capital Management Inc now owns 622 shares of the company's stock valued at $36,000 after purchasing an additional 406 shares in the last quarter. Brooklyn Investment Group boosted its position 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 purchasing an additional 226 shares in the last quarter. UMB Bank n.a. boosted its position 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 purchasing an additional 605 shares in the last quarter. Siemens Fonds Invest GmbH bought a new stake in shares of Brighthouse Financial during the fourth quarter valued at approximately $94,000. Finally, GAMMA Investing LLC boosted its position 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 purchasing an additional 202 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Stock Performance

BHF traded up $0.11 during midday trading on Friday, reaching $48.99. The company had a trading volume of 539,646 shares, compared to its average volume of 793,053. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average of $47.73 and a two-hundred day moving average of $53.17. The company has a market cap of $2.80 billion, a P/E ratio of 5.30 and a beta of 0.87. Brighthouse Financial, Inc. has a 1 year low of $42.07 and a 1 year high of $64.12.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued 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 company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.21 billion. Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.57 EPS. As a group, equities research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Morgan Stanley dropped their target price on Brighthouse Financial from $45.00 to $42.00 and set an "underweight" rating on the stock in a report on Monday, July 14th. Wells Fargo & Company upped their price target on Brighthouse Financial from $53.00 to $54.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Barclays reduced their price objective on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Keefe, Bruyette & Woods reduced their price objective on Brighthouse Financial from $57.00 to $50.00 and set a "market perform" rating for the company in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. upped their price objective on 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 assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target 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.