Four Tree Island Advisory LLC Purchases New Stake in Brighthouse Financial, Inc. $BHF

Four Tree Island Advisory LLC acquired a new position in Brighthouse Financial, Inc. (NASDAQ:BHF) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 59,804 shares of the company’s stock, valued at approximately $3,786,000. Brighthouse Financial makes up 1.2% of Four Tree Island Advisory LLC’s portfolio, making the stock its 10th largest position.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC grew its stake in Brighthouse Financial by 156.2% during the 1st quarter. Millennium Management LLC now owns 262,890 shares of the company’s stock valued at $15,245,000 after acquiring an additional 160,272 shares in the last quarter. Jones Financial Companies Lllp increased its holdings 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 purchasing an additional 735 shares during the period. United Services Automobile Association purchased a new stake in shares of Brighthouse Financial in the first quarter worth approximately $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Brighthouse Financial by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 209,140 shares of the company’s stock worth $12,128,000 after purchasing an additional 13,245 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Brighthouse Financial by 12.5% during the second quarter. Prudential Financial Inc. now owns 6,509 shares of the company’s stock worth $350,000 after purchasing an additional 725 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Brighthouse Financial Trading Down 3.8%

NASDAQ:BHF opened at $53.64 on Wednesday. The company’s 50 day moving average is $62.88 and its 200-day moving average is $62.15. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Brighthouse Financial, Inc. has a 12 month low of $42.07 and a 12 month high of $66.80. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 4.28 and a beta of 0.87.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.41). The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $2.18 billion. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $3.43 earnings per share. Equities analysts anticipate that Brighthouse Financial, Inc. will post 19.2 EPS for the current year.

Wall Street Analysts Forecast Growth

BHF has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Brighthouse Financial in a research note on Friday, August 7th. Eight research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Brighthouse Financial presently has an average rating of “Reduce” and a consensus price target of $60.50.

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.