Trexquant Investment LP Acquires 6,630 Shares of Brighthouse Financial, Inc. $BHF

Key Points

• Trexquant Investment LP has increased its holdings in Brighthouse Financial by 19.7%, now owning approximately 0.07% of the company valued at $2.34 million.
• Brighthouse Financial's stock is currently down 3.2%, with a market capitalization of $2.55 billion and a reported earnings per share (EPS) of $3.43 for the last quarter, which missed estimates.
• Analyst ratings vary, with most analysts giving the stock a consensus rating of "Hold" and a price target of $59.67, while some have adjusted their target prices significantly lower.

Trexquant Investment LP raised its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,294 shares of the company's stock after purchasing an additional 6,630 shares during the quarter. Trexquant Investment LP owned approximately 0.07% of Brighthouse Financial worth $2,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Brighthouse Financial by 7.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 195,895 shares of the company's stock valued at $9,411,000 after purchasing an additional 14,316 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Brighthouse Financial by 11.0% in the first quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock worth $118,000 after buying an additional 202 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Brighthouse Financial in the first quarter worth about $780,000. Four Tree Island Advisory LLC purchased a new stake in shares of Brighthouse Financial in the first quarter worth about $699,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Brighthouse Financial by 0.7% in the fourth quarter. Ameriprise Financial Inc. now owns 74,877 shares of the company's stock worth $3,597,000 after buying an additional 491 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Price Performance

BHF traded up $4.68 on Tuesday, reaching $48.06. The company had a trading volume of 792,518 shares, compared to its average volume of 836,411. The business has a 50 day simple moving average of $48.07 and a 200 day simple moving average of $53.41. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 5.20 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 52-week low of $40.00 and a 52-week 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). Brighthouse Financial had a net margin of 10.24% and a return on equity of 21.06%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the business earned $5.57 earnings per share. The firm's revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Analyst Ratings Changes

BHF has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Brighthouse Financial from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Barclays lowered their price target 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. Keefe, Bruyette & Woods lowered their price target 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Brighthouse Financial from $56.00 to $63.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. One equities 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, the stock presently has an average 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.