Groupe la Francaise Purchases 47,419 Shares of Brighthouse Financial, Inc. $BHF

Groupe la Francaise increased its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 35.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 180,877 shares of the company’s stock after purchasing an additional 47,419 shares during the period. Groupe la Francaise’s holdings in Brighthouse Financial were worth $10,831,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new stake in shares of Brighthouse Financial during the first quarter worth $4,036,000. Calamos Advisors LLC purchased a new stake in shares of Brighthouse Financial in the first quarter valued at $23,459,000. Credit Industriel ET Commercial acquired a new position in Brighthouse Financial in the fourth quarter valued at $10,055,000. Wolverine Asset Management LLC acquired a new position in Brighthouse Financial in the fourth quarter valued at $2,896,000. Finally, M&T Bank Corp purchased a new position in Brighthouse Financial during the fourth quarter worth about $1,549,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings lowered Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Eight investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $60.50.

Brighthouse Financial Trading Up 0.9%

BHF stock opened at $63.45 on Friday. The company has a market cap of $3.65 billion, a price-to-earnings ratio of -21.29 and a beta of 0.86. 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 business has a fifty day simple moving average of $63.59 and a 200-day simple moving average of $62.55. Brighthouse Financial, Inc. has a 52 week low of $42.07 and a 52 week high of $66.80.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Wednesday, May 6th. The company reported $4.35 earnings per share for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the business posted $4.17 EPS. Brighthouse Financial’s revenue was down 29.4% compared to the same quarter last year. On average, equities research analysts expect that Brighthouse Financial, Inc. will post 19.2 EPS for the current year.

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.