Graham Capital Management L.P. Sells 2,213 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Graham Capital Management L.P. reduced its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 10.0% in the 4th quarter, HoldingsChannel reports. The firm owned 19,871 shares of the company’s stock after selling 2,213 shares during the period. Graham Capital Management L.P.’s holdings in Brighthouse Financial were worth $955,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd lifted its holdings in Brighthouse Financial by 327.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 918 shares of the company’s stock valued at $44,000 after purchasing an additional 703 shares during the last quarter. KBC Group NV lifted its holdings in Brighthouse Financial by 33.1% during the 4th quarter. KBC Group NV now owns 2,664 shares of the company’s stock valued at $128,000 after purchasing an additional 663 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Brighthouse Financial during the 4th quarter valued at about $217,000. Guggenheim Capital LLC bought a new position in Brighthouse Financial during the 4th quarter valued at about $227,000. Finally, Polymer Capital Management US LLC bought a new position in Brighthouse Financial during the 4th quarter valued at about $233,000. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Stock Up 0.6%

Shares of NASDAQ:BHF opened at $59.78 on Wednesday. Brighthouse Financial, Inc. has a one year low of $40.00 and a one year high of $64.12. The company has a 50 day moving average of $54.76 and a 200-day moving average of $53.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 11.59 and a beta of 0.96.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Thursday, May 8th. The company reported $4.17 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.55). Brighthouse Financial had a return on equity of 26.94% and a net margin of 8.21%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the firm earned $4.25 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays lifted their price target on shares of Brighthouse Financial from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Raymond James raised shares of Brighthouse Financial from a “market perform” rating to a “strong-buy” rating and set a $72.00 target price for the company in a research note on Tuesday, March 18th. Keefe, Bruyette & Woods boosted their target price on shares of Brighthouse Financial from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Tuesday. Jefferies Financial Group downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 target price for the company. in a research note on Monday, February 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Brighthouse Financial from $59.00 to $52.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.40.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders’ needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.