Kintayl Capital LP Acquires Shares of 23,913 Brighthouse Financial, Inc. $BHF

Kintayl Capital LP acquired a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,913 shares of the company’s stock, valued at approximately $1,514,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Brighthouse Financial during the second quarter worth approximately $341,422,000. HBK Investments L P bought a new position in shares of Brighthouse Financial during the fourth quarter worth approximately $136,059,000. Glazer Capital LLC acquired a new stake in Brighthouse Financial during the 4th quarter worth approximately $113,252,000. UBS Group AG lifted its holdings in 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 purchasing an additional 1,690,064 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Brighthouse Financial by 190.7% in 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 period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

BHF stock opened at $51.87 on Wednesday. Brighthouse Financial, Inc. has a 12 month low of $42.07 and a 12 month high of $66.80. The firm has a market cap of $2.98 billion, a P/E ratio of 4.14 and a beta of 0.87. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $61.82 and its two-hundred day moving average price is $61.74.

Brighthouse Financial (NASDAQ:BHF) last released 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 the consensus estimate of $2.18 billion. During the same quarter in the previous year, the company earned $3.43 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts anticipate that Brighthouse Financial, Inc. will post 18.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brighthouse Financial in a report on Friday, August 7th. Wall Street Zen raised 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 report on Monday, May 18th. Eight equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. 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 Company 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.