11,613 Shares in Brighthouse Financial, Inc. $BHF Acquired by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,613 shares of the company’s stock, valued at approximately $735,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Brighthouse Financial during the second quarter worth approximately $27,000. NewEdge Advisors LLC boosted its holdings in shares of Brighthouse Financial by 442.5% in the 4th quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock valued at $28,000 after buying an additional 354 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of 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 position in shares of Brighthouse Financial by 66.5% in 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. Finally, Danske Bank A S purchased a new position in shares of Brighthouse Financial in the 3rd quarter valued at $37,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BHF has been the subject of a number of research reports. Wall Street Zen raised shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Zacks Research upgraded 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 report on Friday, August 7th. Eight investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $60.50.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF opened at $52.27 on Monday. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.80. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 4.17 and a beta of 0.87. The company has a 50-day simple moving average of $62.27 and a 200-day simple moving average of $61.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.96.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.86 by ($0.41). The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $2.18 billion. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.43 EPS. On average, analysts predict that Brighthouse Financial, Inc. will post 18.83 EPS 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.