WINTON GROUP Ltd Decreases Stake in Brighthouse Financial, Inc. $BHF

WINTON GROUP Ltd reduced its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 73.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,602 shares of the company’s stock after selling 106,063 shares during the period. WINTON GROUP Ltd’s holdings in Brighthouse Financial were worth $2,380,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BHF. Maven Securities LTD purchased a new position in Brighthouse Financial in the 2nd quarter worth $1,914,000. Nykredit A S purchased a new stake in Brighthouse Financial during the 2nd quarter valued at about $170,000. California State Teachers Retirement System increased its holdings 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 valued at $264,266,000 after purchasing an additional 4,105,237 shares during the period. Susquehanna Fundamental Investments LLC increased its holdings in shares of Brighthouse Financial by 8.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 82,230 shares of the company’s stock valued at $5,205,000 after purchasing an additional 6,328 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Brighthouse Financial by 59.4% in the second quarter. Hsbc Holdings PLC now owns 865,171 shares of the company’s stock worth $54,895,000 after purchasing an additional 322,422 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Stock Down 1.4%

Shares of BHF opened at $50.11 on Friday. The firm has a market cap of $2.88 billion, a P/E ratio of 4.00, a PEG ratio of 0.67 and a beta of 0.84. Brighthouse Financial, Inc. has a 12 month low of $44.51 and a 12 month high of $66.80. The stock’s 50 day moving average is $59.03 and its two-hundred day 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.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company earned $3.43 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts predict that Brighthouse Financial, Inc. will post 18.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

BHF has been the subject of a number of research reports. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings lowered shares of Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s 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.