Brighthouse Financial, Inc. $BHF Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC increased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 135.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,864 shares of the company’s stock after acquiring an additional 33,850 shares during the quarter. Gabelli Funds LLC’s holdings in Brighthouse Financial were worth $3,814,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in 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. Clearstead Advisors LLC raised its stake in Brighthouse Financial by 540.4% during the third quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock worth $34,000 after acquiring an additional 535 shares during the period. Hantz Financial Services Inc. raised its stake in Brighthouse Financial by 225.5% during the third quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock worth $35,000 after acquiring an additional 460 shares during the period. Danske Bank A S acquired a new stake in Brighthouse Financial during the third quarter worth about $37,000. Finally, Jones Financial Companies Lllp raised its stake in Brighthouse Financial by 835.2% during the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after acquiring an additional 735 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Price Performance

NASDAQ BHF opened at $62.71 on Friday. Brighthouse Financial, Inc. has a 12 month low of $42.07 and a 12 month high of $66.33. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $3.60 billion, a PE ratio of -21.04 and a beta of 0.87. The company’s 50 day simple moving average is $61.10 and its 200 day simple moving average is $62.89.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Thursday, May 7th. The company reported $4.35 EPS 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 company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business earned $4.17 EPS. Brighthouse Financial’s revenue was down 29.4% compared to the same quarter last year. As a group, equities research analysts forecast that Brighthouse Financial, Inc. will post 19.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BHF. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday. Argus upgraded shares of Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $67.00 price objective on shares of Brighthouse Financial in a research note on Thursday, March 26th. Finally, Weiss Ratings lowered shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Brighthouse Financial presently has a consensus rating of “Reduce” and an average target price of $60.86.

Brighthouse Financial 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.