Calamos Advisors LLC Makes New $23.46 Million Investment in Brighthouse Financial, Inc. $BHF

Calamos Advisors LLC purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 391,771 shares of the company’s stock, valued at approximately $23,459,000.

A number of other institutional investors have also recently bought and sold shares of BHF. NewEdge Advisors LLC increased its position in shares of Brighthouse Financial by 442.5% during the fourth quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock worth $28,000 after acquiring an additional 354 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after acquiring an additional 226 shares during the period. Danske Bank A S bought a new stake in Brighthouse Financial in the 3rd quarter valued at $37,000. Jones Financial Companies Lllp lifted its position in Brighthouse Financial by 835.2% in the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after acquiring an additional 735 shares in the last quarter. Finally, Torren Management LLC acquired a new position in Brighthouse Financial in the 4th quarter worth $50,000. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

NASDAQ BHF opened at $65.90 on Wednesday. The firm’s 50 day moving average is $63.12 and its 200-day moving average is $62.62. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $3.79 billion, a PE ratio of -22.11 and a beta of 0.86. Brighthouse Financial, Inc. has a 12-month low of $42.07 and a 12-month high of $66.80.

Brighthouse Financial (NASDAQ:BHF) last announced its earnings results on Wednesday, May 6th. The company reported $4.35 EPS for the quarter, missing the consensus estimate of $4.57 by ($0.22). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.20 billion. Brighthouse Financial had a positive return on equity of 16.88% and a negative net margin of 1.10%.The business’s revenue for the quarter was down 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.17 EPS. Equities research analysts anticipate that Brighthouse Financial, Inc. will post 19.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BHF shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $67.00 target price on shares of Brighthouse Financial in a report on Thursday, March 26th. Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings cut Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Wall Street Zen upgraded Brighthouse Financial to a “hold” rating in a report on Sunday. Finally, Argus upgraded Brighthouse Financial to a “hold” rating in a report on Thursday, March 26th. Eight analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Brighthouse Financial currently has an average rating of “Reduce” and an average 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.