Jefferies Financial Group Inc. Purchases Shares of 312,710 Brighthouse Financial, Inc. $BHF

Jefferies Financial Group Inc. acquired a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 312,710 shares of the company’s stock, valued at approximately $19,795,000.

A number of other institutional investors also recently modified their holdings of BHF. BlackRock Inc. acquired a new position in shares of Brighthouse Financial in the 2nd quarter worth approximately $341,422,000. HBK Investments L P acquired a new position in Brighthouse Financial in the fourth quarter worth $136,059,000. Glazer Capital LLC acquired a new position in Brighthouse Financial in the fourth quarter worth $113,252,000. UBS Group AG grew its holdings in shares of Brighthouse Financial by 98.1% during the third quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock worth $181,177,000 after purchasing an additional 1,690,064 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Brighthouse Financial by 190.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,396,245 shares of the company’s stock valued at $74,113,000 after acquiring an additional 915,902 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded shares of Brighthouse Financial from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Nine investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $60.50.

Brighthouse Financial Stock Performance

BHF stock opened at $54.16 on Friday. Brighthouse Financial, Inc. has a twelve month low of $42.07 and a twelve month high of $66.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The company has a market cap of $3.11 billion, a P/E ratio of 4.32 and a beta of 0.87. The business’s fifty day moving average is $61.42 and its 200-day moving average is $61.60.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $4.45 EPS for the quarter, missing analysts’ consensus estimates of $4.86 by ($0.41). The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $2.18 billion. Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%.The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $3.43 earnings per share. Equities research analysts forecast that Brighthouse Financial, Inc. will post 18.91 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.