Infrastructure Capital Advisors LLC Purchases Shares of 9,937 Brighthouse Financial, Inc. $BHF

Infrastructure Capital Advisors LLC acquired a new position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,937 shares of the company’s stock, valued at approximately $595,000.

A number of other institutional investors also recently modified their holdings of BHF. Kapitalo Investimentos Ltda acquired a new stake in Brighthouse Financial during the 1st quarter valued at $4,036,000. Calamos Advisors LLC acquired a new position in Brighthouse Financial in the first quarter worth $23,459,000. Credit Industriel ET Commercial acquired a new position in Brighthouse Financial in the fourth quarter worth $10,055,000. Wolverine Asset Management LLC bought a new stake in shares of Brighthouse Financial during the fourth quarter worth $2,896,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Brighthouse Financial by 63.3% during the first quarter. Hsbc Holdings PLC now owns 542,749 shares of the company’s stock worth $32,673,000 after purchasing an additional 210,387 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BHF. Wall Street Zen raised Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings lowered shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Eight investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $60.50.

Brighthouse Financial Price Performance

Shares of BHF opened at $63.16 on Tuesday. The stock has a 50 day simple moving average of $63.54 and a 200 day simple moving average of $62.58. Brighthouse Financial, Inc. has a 52-week low of $42.07 and a 52-week high of $66.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $3.63 billion, a PE ratio of -21.19 and a beta of 0.86.

Brighthouse Financial (NASDAQ:BHF) last announced 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 company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.20 billion. Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. The business’s quarterly revenue was down 29.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.17 EPS. Sell-side analysts predict that Brighthouse Financial, Inc. will post 19.2 EPS for the current fiscal 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.