ARGA Investment Management LP Takes Position in Brighthouse Financial Inc (BHF)

ARGA Investment Management LP acquired a new position in shares of Brighthouse Financial Inc (NASDAQ:BHF) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 8,456 shares of the company’s stock, valued at approximately $374,000.

A number of other large investors have also recently bought and sold shares of BHF. State of New Jersey Common Pension Fund D purchased a new stake in Brighthouse Financial during the 3rd quarter worth approximately $37,343,000. Miller Value Partners LLC purchased a new stake in Brighthouse Financial during the 2nd quarter worth approximately $33,283,000. EJF Capital LLC increased its stake in Brighthouse Financial by 157.7% during the 2nd quarter. EJF Capital LLC now owns 1,262,500 shares of the company’s stock worth $50,588,000 after buying an additional 772,500 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Brighthouse Financial during the 2nd quarter worth approximately $21,148,000. Finally, Legal & General Group Plc purchased a new stake in Brighthouse Financial during the 1st quarter worth approximately $21,557,000. Institutional investors own 87.17% of the company’s stock.

A number of equities research analysts have recently issued reports on BHF shares. BidaskClub lowered Brighthouse Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Barclays dropped their price target on Brighthouse Financial from $72.00 to $60.00 and set an “overweight” rating for the company in a research report on Monday, July 9th. B. Riley dropped their price target on Brighthouse Financial from $59.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, July 16th. ValuEngine upgraded Brighthouse Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, August 17th. Finally, Morgan Stanley dropped their price target on Brighthouse Financial from $60.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 11th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $56.43.

BHF traded up $0.35 during trading hours on Wednesday, reaching $39.26. The company’s stock had a trading volume of 3,663 shares, compared to its average volume of 1,485,531. Brighthouse Financial Inc has a fifty-two week low of $37.68 and a fifty-two week high of $67.55. The stock has a market capitalization of $4.61 billion, a PE ratio of 5.92, a P/E/G ratio of 0.49 and a beta of 1.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.46 and a current ratio of 0.46.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Monday, August 6th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.69). Brighthouse Financial had a negative net margin of 7.88% and a positive return on equity of 5.58%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.05 billion. The company’s revenue was down .7% compared to the same quarter last year. As a group, equities research analysts forecast that Brighthouse Financial Inc will post 8.19 earnings per share for the current fiscal year.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It offers 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

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Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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