WINTON GROUP Ltd Sells 106,063 Shares of Brighthouse Financial, Inc. $BHF

Key Points

• WINTON GROUP Ltd reduced its Brighthouse Financial stake by 73.8% in the second quarter, selling 106,063 shares and retaining 37,602 shares valued at approximately $2.38 million.
• Brighthouse Financial reported quarterly EPS of $4.45, below the $4.86 analyst consensus, while revenue of $1.62 billion also missed estimates and declined 2% year over year.
• BHF shares opened at $50.11, below the consensus analyst target of $60.50. Analyst sentiment remains cautious, with nine Hold ratings, one Sell rating, and an overall “Reduce” consensus.

WINTON GROUP Ltd cut its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) by 73.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,602 shares of the company's stock after selling 106,063 shares during the quarter. WINTON GROUP Ltd owned approximately 0.07% of Brighthouse Financial worth $2,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BHF. Northwestern Mutual Wealth Management Co. purchased a new position in Brighthouse Financial during the 2nd quarter valued at about $27,000. NewEdge Advisors LLC lifted its position in shares of Brighthouse Financial by 442.5% in the 4th quarter. NewEdge Advisors LLC now owns 434 shares of the company's stock worth $28,000 after purchasing an additional 354 shares during the period. Bessemer Group Inc. boosted its stake in shares of Brighthouse Financial by 390.3% during the first quarter. Bessemer Group Inc. now owns 505 shares of the company's stock valued at $30,000 after purchasing an additional 402 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company's stock valued at $31,000 after purchasing an additional 226 shares in the last quarter. Finally, Danske Bank A S purchased a new position in Brighthouse Financial during the third quarter valued at approximately $37,000. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Stock Performance

Shares of BHF stock opened at $50.11 on Friday. Brighthouse Financial, Inc. has a 12-month low of $44.51 and a 12-month high of $66.80. The business's fifty day simple moving average is $59.03 and its 200-day simple moving average is $60.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.88 billion, a PE ratio of 4.00, a PEG ratio of 0.67 and a beta of 0.84.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 earnings per share for the quarter, missing analysts' consensus estimates of $4.86 by ($0.41). Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business earned $3.43 EPS. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts expect that Brighthouse Financial, Inc. will post 18.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BHF. Zacks Research raised shares of Brighthouse Financial from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. Wall Street Zen raised Brighthouse Financial to a "hold" rating in a research report on Sunday, July 12th. Finally, Weiss Ratings downgraded Brighthouse Financial from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $60.50.

Brighthouse Financial Profile

Brighthouse Financial, Inc is a U.S.-based insurance company focused on helping individuals achieve financial security through annuity and life insurance products. The company serves retail customers, as well as institutions and distribution partners, through a network that includes independent agents, banks, broker-dealers and other financial professionals.

Brighthouse Financial offers fixed, indexed and variable annuities designed to provide retirement income, tax-deferred growth and death-benefit features.

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