Brighthouse Financial, Inc. (NASDAQ:BHF) Holdings Cut by Two Sigma Investments LP

Two Sigma Investments LP lowered its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 16.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 193,652 shares of the company's stock after selling 38,737 shares during the quarter. Two Sigma Investments LP owned about 0.33% of Brighthouse Financial worth $9,303,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BHF. Canada Pension Plan Investment Board lifted its stake in shares of Brighthouse Financial by 187.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,823,162 shares of the company's stock worth $87,585,000 after purchasing an additional 1,188,685 shares in the last quarter. American Century Companies Inc. lifted its position in Brighthouse Financial by 12.1% during the 4th quarter. American Century Companies Inc. now owns 1,682,076 shares of the company's stock worth $80,807,000 after acquiring an additional 181,980 shares in the last quarter. Victory Capital Management Inc. lifted its position in Brighthouse Financial by 2,632.8% during the 4th quarter. Victory Capital Management Inc. now owns 884,162 shares of the company's stock worth $42,475,000 after acquiring an additional 851,808 shares in the last quarter. Norges Bank purchased a new position in Brighthouse Financial in the 4th quarter worth approximately $37,131,000. Finally, Jacobs Levy Equity Management Inc. grew its position in Brighthouse Financial by 3.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 732,689 shares of the company's stock valued at $35,198,000 after acquiring an additional 24,662 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.

Analyst Ratings Changes

BHF has been the topic of a number of recent research reports. UBS Group set a $72.00 target price on shares of Brighthouse Financial in a research report on Tuesday, March 18th. Raymond James upgraded shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price objective on the stock in a report on Tuesday, March 18th. Jefferies Financial Group cut shares of Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price objective for the company. in a research report on Monday, February 3rd. Barclays boosted their price target on Brighthouse Financial from $75.00 to $76.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Piper Sandler increased their price target on Brighthouse Financial from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Brighthouse Financial presently has a consensus rating of "Hold" and a consensus price target of $60.80.

Brighthouse Financial Stock Down 0.1%

Brighthouse Financial stock traded down $0.03 during midday trading on Friday, hitting $59.07. The stock had a trading volume of 325,636 shares, compared to its average volume of 578,228. The business has a fifty day moving average price of $55.67 and a 200 day moving average price of $54.14. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.12. The stock has a market cap of $3.39 billion, a P/E ratio of 11.46 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.63.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $4.17 earnings per share for the quarter, missing analysts' consensus estimates of $4.72 by ($0.55). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.29 billion. Brighthouse Financial had a net margin of 8.21% and a return on equity of 26.94%. Brighthouse Financial's revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.25 earnings per share. Research analysts predict that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

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.