Hsbc Holdings PLC Buys Shares of 332,362 Brighthouse Financial, Inc. $BHF

Hsbc Holdings PLC bought a new position in Brighthouse Financial, Inc. (NASDAQ:BHF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 332,362 shares of the company’s stock, valued at approximately $21,537,000.

Other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV boosted its position in shares of Brighthouse Financial by 0.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,346 shares of the company’s stock valued at $1,772,000 after acquiring an additional 183 shares during the last quarter. Waterfront Wealth Inc. increased its position in Brighthouse Financial by 0.6% during the fourth quarter. Waterfront Wealth Inc. now owns 35,055 shares of the company’s stock worth $2,255,000 after purchasing an additional 192 shares during the last quarter. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 226 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in Brighthouse Financial by 0.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 32,275 shares of the company’s stock worth $2,090,000 after purchasing an additional 273 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Brighthouse Financial by 1.8% during the third quarter. Public Employees Retirement System of Ohio now owns 18,394 shares of the company’s stock worth $976,000 after purchasing an additional 323 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Down 0.7%

Shares of BHF opened at $63.09 on Thursday. The firm has a market cap of $3.62 billion, a P/E ratio of -21.17 and a beta of 0.86. Brighthouse Financial, Inc. has a 12-month low of $42.07 and a 12-month high of $66.33. The company’s 50-day moving average price is $62.40 and its 200 day moving average price is $62.68. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Wednesday, May 6th. The company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.20 billion. Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. The company’s quarterly revenue was down 29.4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.17 EPS. On average, sell-side analysts forecast that Brighthouse Financial, Inc. will post 19.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.