Brighthouse Financial, Inc. $BHF Holdings Trimmed by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. reduced its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 41.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 21,068 shares of the company’s stock after selling 15,000 shares during the period. Polar Asset Management Partners Inc.’s holdings in Brighthouse Financial were worth $1,262,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC boosted its position in shares of Brighthouse Financial by 442.5% in the fourth quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock worth $28,000 after buying an additional 354 shares during the period. Bessemer Group Inc. raised its position in Brighthouse Financial by 390.3% during the first quarter. Bessemer Group Inc. now owns 505 shares of the company’s stock valued at $30,000 after buying an additional 402 shares during the period. Smartleaf Asset Management LLC raised 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 valued at $31,000 after buying an additional 226 shares during the period. Danske Bank A S purchased a new stake in Brighthouse Financial in the 3rd quarter worth about $37,000. Finally, Torren Management LLC purchased a new stake in Brighthouse Financial in the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF opened at $63.16 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.91 and a quick ratio of 0.91. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.80. The business’s 50-day moving average price is $63.54 and its two-hundred day moving average price is $62.58. The company has a market capitalization of $3.63 billion, a P/E ratio of -21.19 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 earnings per share for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). The firm had revenue of $2.10 billion for 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%.The firm’s revenue for the quarter was down 29.4% on a year-over-year basis. During the same period last year, the business earned $4.17 earnings per share. Analysts anticipate that Brighthouse Financial, Inc. will post 19.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on BHF shares. Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Eight analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price 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.