Maven Securities LTD Makes New $1.91 Million Investment in Brighthouse Financial, Inc. $BHF

Maven Securities LTD acquired a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 30,235 shares of the company’s stock, valued at approximately $1,914,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BHF. BlackRock Inc. bought a new stake in Brighthouse Financial during the 2nd quarter worth approximately $341,422,000. California State Teachers Retirement System boosted its position in shares of Brighthouse Financial by 5,899.3% in the second quarter. California State Teachers Retirement System now owns 4,174,825 shares of the company’s stock worth $264,266,000 after purchasing an additional 4,105,237 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Brighthouse Financial by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,555,823 shares of the company’s stock worth $212,926,000 after purchasing an additional 60,791 shares in the last quarter. UBS Group AG increased its stake in shares of Brighthouse Financial by 98.1% in the third quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock worth $181,177,000 after purchasing an additional 1,690,064 shares in the last quarter. Finally, HBK Investments L P bought a new stake in shares of Brighthouse Financial during the 4th quarter valued at $136,059,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Trading Down 2.5%

BHF stock opened at $52.24 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.96. Brighthouse Financial, Inc. has a 1-year low of $44.51 and a 1-year high of $66.80. The business has a 50 day simple moving average of $59.82 and a two-hundred day simple moving average of $61.00. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 4.17, a PEG ratio of 0.71 and a beta of 0.84.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.86 by ($0.41). Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the business earned $3.43 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Research analysts anticipate that Brighthouse Financial, Inc. will post 18.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings upgraded Brighthouse Financial from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Wall Street Zen raised Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $60.50.

Brighthouse Financial Profile

Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.

The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.