GABELLI & Co INVESTMENT ADVISERS INC. Purchases 22,700 Shares of Brighthouse Financial, Inc. $BHF

GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 91.3% during the fourth quarter, Holdings Channel reports. The firm owned 47,550 shares of the company’s stock after acquiring an additional 22,700 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Brighthouse Financial were worth $3,081,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BHF. Smartleaf Asset Management LLC lifted its position in shares of Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock valued at $31,000 after purchasing an additional 226 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Brighthouse Financial by 540.4% during the third quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock valued at $34,000 after purchasing an additional 535 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Brighthouse Financial by 225.5% during the third quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock valued at $35,000 after purchasing an additional 460 shares in the last quarter. Danske Bank A S bought a new position in shares of Brighthouse Financial during the third quarter valued at about $37,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Brighthouse Financial by 835.2% during the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after purchasing an additional 735 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Brighthouse Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, March 30th. Argus raised shares of Brighthouse Financial to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings lowered shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $67.00 price objective on shares of Brighthouse Financial in a research report on Thursday, March 26th. Seven investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $60.86.

Brighthouse Financial Price Performance

BHF opened at $62.54 on Monday. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of -20.99 and a beta of 0.87. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $60.91 and a 200-day moving average price of $62.50. Brighthouse Financial, Inc. has a twelve month low of $42.07 and a twelve month high of $66.33.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Thursday, May 7th. The company reported $4.35 earnings per share for the quarter, missing the consensus estimate of $4.57 by ($0.22). The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Brighthouse Financial had a positive return on equity of 16.88% and a negative net margin of 1.10%.Brighthouse Financial’s revenue for the quarter was down 29.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.17 EPS. Equities analysts expect that Brighthouse Financial, Inc. will post 19.52 EPS for the current year.

About Brighthouse Financial

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.