Greenlight Capital Inc. decreased its position in Brighthouse Financial, Inc. (NASDAQ:BHF – Get Rating) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,637,688 shares of the company's stock after selling 150,000 shares during the quarter. Brighthouse Financial accounts for approximately 11.9% of Greenlight Capital Inc.'s holdings, making the stock its 2nd largest holding. Greenlight Capital Inc.'s holdings in Brighthouse Financial were worth $187,923,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of BHF. Allworth Financial LP raised its holdings in Brighthouse Financial by 451.5% during the first quarter. Allworth Financial LP now owns 535 shares of the company's stock worth $28,000 after acquiring an additional 438 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Brighthouse Financial during the fourth quarter worth about $45,000. Counterpoint Mutual Funds LLC bought a new stake in Brighthouse Financial during the first quarter worth about $88,000. Atlas Capital Advisors LLC raised its holdings in Brighthouse Financial by 665.6% during the first quarter. Atlas Capital Advisors LLC now owns 1,937 shares of the company's stock worth $100,000 after acquiring an additional 1,684 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in Brighthouse Financial during the fourth quarter worth about $101,000. Institutional investors and hedge funds own 81.38% of the company's stock.
Get Brighthouse Financial alerts:Analysts Set New Price Targets
Several research firms recently issued reports on BHF. Morgan Stanley upped their target price on Brighthouse Financial from $54.00 to $58.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 17th. JPMorgan Chase & Co. dropped their target price on Brighthouse Financial from $59.00 to $50.00 in a report on Monday, July 11th. Evercore ISI lowered their price target on Brighthouse Financial from $57.00 to $52.00 and set an "in-line" rating on the stock in a research report on Wednesday, July 6th. Piper Sandler lowered their price target on Brighthouse Financial from $50.00 to $43.00 and set a "neutral" rating on the stock in a research report on Friday, July 8th. Finally, Barclays boosted their price target on Brighthouse Financial from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Monday, August 8th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Brighthouse Financial currently has a consensus rating of "Hold" and an average target price of $55.10.
Brighthouse Financial Stock Performance
Shares of Brighthouse Financial stock traded up $0.23 on Monday, hitting $50.95. The stock had a trading volume of 8,160 shares, compared to its average volume of 633,199. Brighthouse Financial, Inc. has a twelve month low of $38.38 and a twelve month high of $62.33. The business's 50 day moving average is $45.17 and its two-hundred day moving average is $47.42. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 1.99 and a beta of 1.30.Brighthouse Financial (NASDAQ:BHF – Get Rating) last posted its earnings results on Thursday, August 4th. The company reported $3.29 EPS for the quarter, beating the consensus estimate of $2.83 by $0.46. Brighthouse Financial had a return on equity of 11.46% and a net margin of 18.70%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the business earned $5.32 earnings per share. The firm's revenue for the quarter was down 11.0% on a year-over-year basis. Analysts forecast that Brighthouse Financial, Inc. will post 11.58 EPS for the current year.
Brighthouse Financial Profile
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Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment 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.
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