SG Americas Securities LLC Has $5.47 Million Stake in Brighthouse Financial, Inc. $BHF

SG Americas Securities LLC increased its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 130.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 103,024 shares of the company’s stock after purchasing an additional 58,350 shares during the quarter. SG Americas Securities LLC’s holdings in Brighthouse Financial were worth $5,469,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BHF. Smartleaf Asset Management LLC lifted its stake in shares of Brighthouse Financial by 66.5% in the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after buying an additional 226 shares during the last quarter. IFP Advisors Inc raised its holdings in Brighthouse Financial by 1,900.0% in the 2nd quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $40,000 after acquiring an additional 703 shares during the period. Jones Financial Companies Lllp lifted its position in Brighthouse Financial by 835.2% during the 1st 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 last quarter. Ameriflex Group Inc. lifted its position in Brighthouse Financial by 12,371.4% during the 2nd quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock worth $47,000 after acquiring an additional 866 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new stake in Brighthouse Financial during the third quarter valued at about $50,000. Institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Down 0.1%

Shares of BHF stock opened at $64.70 on Friday. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a fifty day moving average price of $64.56 and a 200 day moving average price of $54.42. The stock has a market cap of $3.70 billion, a P/E ratio of 4.41 and a beta of 0.97.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Friday, November 7th. The company reported $4.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.09 by ($0.55). The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.26 billion. Brighthouse Financial had a net margin of 15.39% and a return on equity of 20.59%. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.99 EPS. Analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on BHF. Raymond James Financial reiterated a “market perform” rating on shares of Brighthouse Financial in a research note on Wednesday, November 12th. Wells Fargo & Company raised their target price on Brighthouse Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 17th. Evercore ISI reduced their price objective on Brighthouse Financial from $65.00 to $55.00 and set an “in-line” rating for the company in a research report on Thursday, October 9th. Finally, Barclays lowered shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a research report on Thursday. Nine investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $63.70.

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.