Brighthouse Financial, Inc. $BHF Stake Lowered by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 30.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,106 shares of the company’s stock after selling 10,447 shares during the period. WINTON GROUP Ltd’s holdings in Brighthouse Financial were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BHF. Smartleaf Asset Management LLC grew its stake in Brighthouse Financial by 66.5% in the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after purchasing an additional 226 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Brighthouse Financial by 540.4% during the 3rd quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock worth $34,000 after purchasing an additional 535 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Brighthouse Financial by 225.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock valued at $35,000 after buying an additional 460 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of 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 buying an additional 735 shares in the last quarter. Finally, Byrne Asset Management LLC bought a new stake in shares of Brighthouse Financial in the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Raymond James Financial reissued a “market perform” rating on shares of Brighthouse Financial in a research note on Wednesday, November 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Brighthouse Financial in a research report on Monday, December 29th. Barclays downgraded shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective on the stock. in a research note on Thursday, January 8th. Finally, Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 17th. Eight research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $63.67.

Brighthouse Financial Price Performance

BHF opened at $60.23 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.95 and a current ratio of 0.95. Brighthouse Financial, Inc. has a 52 week low of $42.07 and a 52 week high of $66.33. The firm has a market capitalization of $3.44 billion, a PE ratio of 10.38 and a beta of 0.96. The company has a fifty day moving average price of $63.22 and a two-hundred day moving average price of $58.56.

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.