Tidal Investments LLC Cuts Stock Holdings in Brighthouse Financial, Inc. $BHF

Tidal Investments LLC lowered its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 53.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,688 shares of the company’s stock after selling 66,077 shares during the quarter. Tidal Investments LLC’s holdings in Brighthouse Financial were worth $3,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Maven Securities LTD purchased a new stake in shares of Brighthouse Financial during the second quarter worth approximately $1,914,000. Nykredit A S purchased a new position in Brighthouse Financial in the 2nd quarter valued at $170,000. California State Teachers Retirement System boosted its stake in Brighthouse Financial by 5,899.3% during the 2nd 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 last quarter. Susquehanna Fundamental Investments LLC boosted its stake in Brighthouse Financial by 8.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 82,230 shares of the company’s stock worth $5,205,000 after purchasing an additional 6,328 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Brighthouse Financial by 59.4% during the second quarter. Hsbc Holdings PLC now owns 865,171 shares of the company’s stock worth $54,895,000 after buying an additional 322,422 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

Shares of BHF stock opened at $50.00 on Tuesday. 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 firm’s 50-day moving average is $58.73 and its two-hundred day moving average is $60.64. Brighthouse Financial, Inc. has a 12 month low of $44.51 and a 12 month high of $66.80. The company has a market capitalization of $2.88 billion, a PE ratio of 3.99, a price-to-earnings-growth ratio of 0.66 and a beta of 0.84.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly 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 net margin of 12.49% and a return on equity of 17.24%. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the company earned $3.43 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts predict that Brighthouse Financial, Inc. will post 18.91 earnings per share for the current year.

Wall Street Analyst Weigh In

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