Oddo BHF Asset Management Sas Buys Shares of 340,000 Brighthouse Financial, Inc. $BHF

Oddo BHF Asset Management Sas bought a new position in Brighthouse Financial, Inc. (NASDAQ:BHF) in the first quarter, Holdings Channel.com reports. The institutional investor bought 340,000 shares of the company’s stock, valued at approximately $20,359,000.

Several other hedge funds have also modified their holdings of BHF. HBK Investments L P bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at about $136,059,000. Glazer Capital LLC purchased a new position in shares of Brighthouse Financial in the 4th quarter worth approximately $113,252,000. UBS Group AG raised its stake 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 worth $181,177,000 after acquiring an additional 1,690,064 shares in the last quarter. AQR Capital Management LLC raised its stake 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 worth $74,113,000 after acquiring an additional 915,902 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Brighthouse Financial by 149.5% during the 4th quarter. Morgan Stanley now owns 1,264,992 shares of the company’s stock worth $81,959,000 after acquiring an additional 758,010 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Brighthouse Financial Price Performance

Shares of BHF stock opened at $62.90 on Thursday. Brighthouse Financial, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $66.80. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of -21.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50-day simple moving average is $63.58 and its 200-day simple moving average is $62.56.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.57 by ($0.22). The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. The business’s revenue for the quarter was down 29.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.17 earnings per share. As a group, equities analysts forecast that Brighthouse Financial, Inc. will post 19.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BHF has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Weiss Ratings lowered Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Eight analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $60.50.

About Brighthouse Financial

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.