GSA Capital Partners LLP Purchases New Holdings in Brighthouse Financial, Inc. $BHF

GSA Capital Partners LLP acquired a new position in Brighthouse Financial, Inc. (NASDAQ:BHF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,582 shares of the company’s stock, valued at approximately $986,000.

Several other large investors also recently bought and sold shares of BHF. NewEdge Advisors LLC lifted its position in shares of Brighthouse Financial by 442.5% in the fourth quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock valued at $28,000 after acquiring an additional 354 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Brighthouse Financial by 390.3% during the first quarter. Bessemer Group Inc. now owns 505 shares of the company’s stock worth $30,000 after purchasing an additional 402 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Brighthouse Financial by 66.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after purchasing an additional 226 shares during the last quarter. Danske Bank A S acquired a new position in Brighthouse Financial in the 3rd quarter valued at $37,000. Finally, Jones Financial Companies Lllp lifted its holdings 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 purchasing an additional 735 shares in the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Brighthouse Financial Price Performance

BHF stock opened at $55.74 on Tuesday. Brighthouse Financial, Inc. has a 1 year low of $42.07 and a 1 year high of $66.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $3.21 billion, a PE ratio of 4.45 and a beta of 0.87. The business has a 50 day simple moving average of $63.06 and a 200-day simple moving average of $62.22.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Thursday, August 6th. The company reported $4.45 EPS for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.41). The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.43 EPS. Equities research analysts anticipate that Brighthouse Financial, Inc. will post 19.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BHF. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brighthouse Financial in a research note on Friday, August 7th. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Eight research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.