Shay Capital LLC Makes New Investment in Brighthouse Financial, Inc. (NASDAQ:BHF)

Shay Capital LLC purchased a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 10,000 shares of the company's stock, valued at approximately $480,000.

Other hedge funds have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd grew its position in Brighthouse Financial by 327.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company's stock worth $44,000 after acquiring an additional 703 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new position in Brighthouse Financial in the fourth quarter worth $94,000. KBC Group NV grew its position in 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 acquiring an additional 663 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Brighthouse Financial in the fourth quarter worth $217,000. Finally, Guggenheim Capital LLC purchased a new position in Brighthouse Financial in the fourth quarter worth $227,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on BHF. Wells Fargo & Company lowered their price target on shares of 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. Barclays boosted their price target on shares of Brighthouse Financial from $75.00 to $76.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods boosted their price target on shares of Brighthouse Financial from $56.00 to $59.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 13th. Jefferies Financial Group downgraded shares of 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 raised shares of 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 issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $60.80.

Brighthouse Financial Price Performance

BHF stock remained flat at $61.15 during trading on Tuesday. 502,273 shares of the company were exchanged, compared to its average volume of 571,164. 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 $3.51 billion, a P/E ratio of 11.85 and a beta of 0.96. The business's 50 day moving average price is $55.34 and its 200 day moving average price is $53.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.92 and a current ratio of 0.93.

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 (EPS) for the quarter, missing analysts' consensus estimates of $4.72 by ($0.55). Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the company earned $4.25 earnings per share. Brighthouse Financial's quarterly revenue was up 6.1% on a year-over-year basis. Research analysts expect that Brighthouse Financial, Inc. will post 20.32 earnings per share 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.