DLD Asset Management LP Takes $2.24 Million Position in Brighthouse Financial, Inc. $BHF

DLD Asset Management LP acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,448 shares of the company’s stock, valued at approximately $2,244,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Brighthouse Financial during the second quarter worth approximately $341,422,000. Dimensional Fund Advisors LP raised its holdings in Brighthouse Financial by 1.7% during 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 raised its holdings in Brighthouse Financial by 98.1% during 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. HBK Investments L P purchased a new stake in shares of Brighthouse Financial during the 4th quarter worth approximately $136,059,000. Finally, Glazer Capital LLC purchased a new stake in shares of Brighthouse Financial during the 4th quarter worth approximately $113,252,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brighthouse Financial in a research report on Friday, August 7th. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Eight equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Brighthouse Financial currently has a consensus rating of “Reduce” and a consensus target price of $60.50.

Brighthouse Financial Stock Performance

BHF opened at $52.27 on Monday. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 4.17 and a beta of 0.87. Brighthouse Financial, Inc. has a 52 week low of $42.07 and a 52 week high of $66.80. The business’s 50 day moving average is $62.27 and its two-hundred day moving average is $61.91. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48.

Brighthouse Financial (NASDAQ:BHF) last issued 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). The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. Brighthouse Financial’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.43 EPS. On average, research analysts predict that Brighthouse Financial, Inc. will post 18.83 EPS for the current year.

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.