Kapitalo Investimentos Ltda Makes New Investment in Brighthouse Financial, Inc. $BHF

Kapitalo Investimentos Ltda purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 67,400 shares of the company’s stock, valued at approximately $4,036,000. Brighthouse Financial makes up about 0.8% of Kapitalo Investimentos Ltda’s investment portfolio, making the stock its 29th largest holding.

Several other large investors have also modified their holdings of BHF. NewEdge Advisors LLC increased its stake in shares of Brighthouse Financial by 442.5% during the 4th quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock worth $28,000 after purchasing an additional 354 shares in the last quarter. Bessemer Group Inc. lifted its stake in Brighthouse Financial by 390.3% in the 1st quarter. Bessemer Group Inc. now owns 505 shares of the company’s stock valued at $30,000 after buying an additional 402 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Brighthouse Financial by 66.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after buying an additional 226 shares during the last quarter. Danske Bank A S acquired a new stake in Brighthouse Financial during the 3rd quarter valued at $37,000. Finally, Jones Financial Companies Lllp increased its position 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 buying an additional 735 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BHF shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $67.00 price target on shares of Brighthouse Financial in a report on Thursday, March 26th. Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Argus upgraded Brighthouse Financial to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Eight investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $60.50.

Brighthouse Financial Stock Performance

NASDAQ BHF opened at $64.91 on Tuesday. The business’s 50-day moving average price is $63.40 and its 200 day moving average price is $62.63. 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, Inc. has a twelve month low of $42.07 and a twelve month high of $66.80. The company has a market capitalization of $3.73 billion, a PE ratio of -21.78 and a beta of 0.86.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly 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 business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter last year, the firm earned $4.17 EPS. The firm’s quarterly revenue was down 29.4% compared to the same quarter last year. On average, research analysts predict that Brighthouse Financial, Inc. will post 19.41 earnings per share for the current year.

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.