10,000 Shares in Brighthouse Financial, Inc. $BHF Bought by Vazirani Asset Management LLC

Vazirani Asset Management LLC acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,000 shares of the company’s stock, valued at approximately $633,000,000. Brighthouse Financial makes up about 3.1% of Vazirani Asset Management LLC’s holdings, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Brighthouse Financial during the second quarter worth about $341,422,000. HBK Investments L P acquired a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $136,059,000. Glazer Capital LLC acquired a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $113,252,000. UBS Group AG grew its holdings in shares of Brighthouse Financial by 98.1% during the 3rd quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock valued at $181,177,000 after purchasing an additional 1,690,064 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Brighthouse Financial by 190.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,396,245 shares of the company’s stock valued at $74,113,000 after purchasing an additional 915,902 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

BHF has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings upgraded shares of Brighthouse Financial from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Nine equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $60.50.

Brighthouse Financial Stock Performance

Brighthouse Financial stock opened at $52.49 on Thursday. The business has a 50 day moving average of $61.60 and a 200-day moving average of $61.66. Brighthouse Financial, Inc. has a 1 year low of $42.07 and a 1 year high of $66.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $3.02 billion, a P/E ratio of 4.19 and a beta of 0.87.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.41). Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the business earned $3.43 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts predict that Brighthouse Financial, Inc. will post 18.83 earnings per share 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.