Mint Tower Capital Management B.V. Makes New $1.81 Million Investment in Brighthouse Financial, Inc. $BHF

Mint Tower Capital Management B.V. bought a new position in Brighthouse Financial, Inc. (NASDAQ:BHF) in the 4th quarter, Holdings Channel.com reports. The fund bought 28,000 shares of the company’s stock, valued at approximately $1,814,000.

Several other large investors also recently added to or reduced their stakes in BHF. Citigroup Inc. boosted its stake in shares of Brighthouse Financial by 360.5% during the 3rd quarter. Citigroup Inc. now owns 151,891 shares of the company’s stock worth $8,062,000 after acquiring an additional 118,909 shares in the last quarter. Gabelli Funds LLC bought a new stake in shares of Brighthouse Financial during the 3rd quarter worth about $1,328,000. Four Tree Island Advisory LLC boosted its holdings in shares of Brighthouse Financial by 85.6% during the 3rd quarter. Four Tree Island Advisory LLC now owns 22,762 shares of the company’s stock worth $1,210,000 after buying an additional 10,500 shares during the period. American Century Companies Inc. boosted its holdings in shares of Brighthouse Financial by 10.4% during the 3rd quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock worth $117,321,000 after buying an additional 208,630 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Brighthouse Financial during the 4th quarter worth $10,505,000. 81.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BHF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $67.00 price objective on shares of Brighthouse Financial in a report on Thursday, March 26th. Weiss Ratings downgraded Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Argus upgraded Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Eight equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $60.86.

Brighthouse Financial Stock Up 0.2%

Shares of NASDAQ:BHF opened at $63.24 on Friday. Brighthouse Financial, Inc. has a 52 week low of $42.07 and a 52 week high of $66.33. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $3.63 billion, a PE ratio of -21.22 and a beta of 0.86. The company has a 50 day moving average price of $61.89 and a two-hundred day moving average price of $62.82.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Wednesday, May 6th. The company reported $4.35 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $2.20 billion. During the same period in the previous year, the company posted $4.17 EPS. The firm’s revenue for the quarter was down 29.4% on a year-over-year basis. Analysts forecast that Brighthouse Financial, Inc. will post 19.73 earnings per share for the current year.

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.