Voloridge Investment Management LLC Sells 36,105 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Voloridge Investment Management LLC lowered its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

Other hedge funds also recently modified their holdings of the company. Aster Capital Management DIFC Ltd raised its position in shares of Brighthouse Financial by 327.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after purchasing an additional 703 shares during the period. Siemens Fonds Invest GmbH bought a new position in shares of Brighthouse Financial during the fourth quarter worth about $94,000. KBC Group NV grew its holdings in shares of Brighthouse Financial by 33.1% during 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 bought a new position in shares of Brighthouse Financial during the fourth quarter worth about $217,000. Finally, Guggenheim Capital LLC bought a new position in shares of Brighthouse Financial during the fourth quarter worth about $227,000. Institutional investors and hedge funds own 81.24% of the company's stock.

Brighthouse Financial Stock Performance

Shares of BHF traded down $0.61 during mid-day trading on Thursday, reaching $58.34. The company's stock had a trading volume of 172,670 shares, compared to its average volume of 576,301. Brighthouse Financial, Inc. has a 1-year low of $40.00 and a 1-year high of $64.12. The stock has a market cap of $3.35 billion, a P/E ratio of 11.28 and a beta of 0.96. The business has a 50-day simple moving average of $55.67 and a two-hundred day simple moving average of $54.09. 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 released its quarterly earnings results on Thursday, May 8th. The company reported $4.17 earnings per share for the quarter, missing the consensus estimate of $4.72 by ($0.55). The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.29 billion. Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.25 earnings per share. As a group, equities research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Brighthouse Financial from $41.00 to $45.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. UBS Group set a $72.00 price objective on Brighthouse Financial in a report on Tuesday, March 18th. Wells Fargo & Company decreased their price target on Brighthouse Financial from $59.00 to $52.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Jefferies Financial Group downgraded Brighthouse Financial from a "buy" rating to a "hold" rating and set a $64.00 price target for the company. in a research note on Monday, February 3rd. Finally, Raymond James upgraded Brighthouse Financial from a "market perform" rating to a "strong-buy" rating and set a $72.00 price target for the company in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.80.

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.