Voloridge Investment Management LLC Cuts Stake in Brighthouse Financial, Inc. (NASDAQ:BHF)

Voloridge Investment Management LLC trimmed its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,408 shares of the company's stock after selling 36,105 shares during the quarter. Voloridge Investment Management LLC owned 0.56% of Brighthouse Financial worth $15,921,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd lifted its position in shares of Brighthouse Financial by 327.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock valued at $44,000 after acquiring an additional 703 shares during the period. Siemens Fonds Invest GmbH bought a new position in Brighthouse Financial during the fourth quarter worth about $94,000. KBC Group NV lifted its holdings in shares of Brighthouse Financial by 33.1% in the fourth quarter. KBC Group NV now owns 2,664 shares of the company's stock worth $128,000 after buying an additional 663 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Brighthouse Financial in the fourth quarter worth about $217,000. Finally, Guggenheim Capital LLC purchased a new stake in Brighthouse Financial in the fourth quarter valued at approximately $227,000. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Trading Up 5.0%

Shares of Brighthouse Financial stock traded up $2.88 on Tuesday, hitting $60.79. The stock had a trading volume of 703,206 shares, compared to its average volume of 577,203. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.12. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 11.78 and a beta of 0.96. The stock's 50-day simple moving average is $55.60 and its two-hundred day simple moving average is $54.01.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BHF. Barclays raised their target price on shares of Brighthouse Financial from $75.00 to $76.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Piper Sandler lifted their price target on shares of Brighthouse Financial from $52.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. UBS Group set a $72.00 price target on shares of Brighthouse Financial in a research note on Tuesday, March 18th. Wells Fargo & Company decreased their price target on shares of Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Finally, Raymond James raised shares of Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target on the stock in a research note on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Brighthouse Financial has a consensus rating of "Hold" and a consensus price target of $60.80.

About Brighthouse Financial

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.