Man Group plc Invests $11.17 Million in Brighthouse Financial, Inc. $BHF

Man Group plc purchased a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) in the second quarter, HoldingsChannel reports. The institutional investor purchased 176,444 shares of the company’s stock, valued at approximately $11,169,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in Brighthouse Financial during the second quarter worth $341,422,000. Dimensional Fund Advisors LP boosted its holdings in Brighthouse Financial by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,555,823 shares of the company’s stock valued at $212,926,000 after purchasing an additional 60,791 shares during the period. UBS Group AG boosted its holdings in Brighthouse Financial by 98.1% in 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 period. HBK Investments L P acquired a new stake in Brighthouse Financial in the 4th quarter worth $136,059,000. Finally, Glazer Capital LLC acquired a new stake in Brighthouse Financial in the 4th quarter worth $113,252,000. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF opened at $53.04 on Friday. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 4.23 and a beta of 0.87. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.80. The business has a fifty day simple moving average of $61.21 and a 200 day simple moving average of $61.54. 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.41). The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $2.18 billion. Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.43 EPS. Sell-side analysts expect that Brighthouse Financial, Inc. will post 18.91 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a 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 note on Tuesday. Finally, Wall Street Zen raised Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Brighthouse Financial has an average rating of “Reduce” and an average 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.