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

Several other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Brighthouse Financial in the fourth quarter valued at about $384,000. First Trust Advisors LP lifted its holdings in Brighthouse Financial by 181.0% in the fourth quarter. First Trust Advisors LP now owns 23,576 shares of the company's stock valued at $1,133,000 after acquiring an additional 15,185 shares during the period. Stifel Financial Corp lifted its holdings in Brighthouse Financial by 3.0% in the fourth quarter. Stifel Financial Corp now owns 15,628 shares of the company's stock valued at $751,000 after acquiring an additional 455 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Brighthouse Financial by 6.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,012 shares of the company's stock valued at $1,875,000 after acquiring an additional 2,290 shares during the period. Finally, Northern Trust Corp lifted its holdings in Brighthouse Financial by 4.1% in the fourth quarter. Northern Trust Corp now owns 678,920 shares of the company's stock valued at $32,615,000 after acquiring an additional 26,813 shares during the period. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Stock Down 3.2%

NASDAQ BHF opened at $44.69 on Thursday. The stock's 50-day moving average price is $48.70 and its 200-day moving average price is $53.90. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. Brighthouse Financial, Inc. has a 52 week low of $40.00 and a 52 week high of $64.12. The company has a market capitalization of $2.55 billion, a P/E ratio of 4.84 and a beta of 0.87.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $3.43 earnings per share (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 business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.21 billion. During the same quarter in the prior year, the business posted $5.57 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays lowered their target price on Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Morgan Stanley lowered 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. Piper Sandler lowered their target price on Brighthouse Financial from $63.00 to $55.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. Wells Fargo & Company increased their target price on Brighthouse Financial from $53.00 to $54.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. raised their price objective on Brighthouse Financial from $56.00 to $63.00 and gave the stock an "underweight" rating in a research note 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 given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $59.67.

Brighthouse Financial 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.

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