Brighthouse Financial, Inc. $BHF Shares Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC boosted its holdings in Brighthouse Financial, Inc. (NASDAQ:BHF) by 61.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 10,272 shares of the company’s stock after acquiring an additional 3,902 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Brighthouse Financial were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. IFP Advisors Inc grew its stake in shares of Brighthouse Financial by 1,900.0% during the 2nd quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $40,000 after purchasing an additional 703 shares during the period. Brooklyn Investment Group boosted its holdings in Brighthouse Financial by 42.0% during the first quarter. Brooklyn Investment Group now owns 764 shares of the company’s stock worth $44,000 after buying an additional 226 shares in the last quarter. Jones Financial Companies Lllp grew its position in Brighthouse Financial by 835.2% during the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after buying an additional 735 shares during the period. Ameriflex Group Inc. grew its position in Brighthouse Financial by 12,371.4% during the second quarter. Ameriflex Group Inc. now owns 873 shares of the company’s stock worth $47,000 after buying an additional 866 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Brighthouse Financial by 7,756.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,257 shares of the company’s stock valued at $68,000 after buying an additional 1,241 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Brighthouse Financial Stock Performance

NASDAQ BHF opened at $65.78 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.49. Brighthouse Financial, Inc. has a fifty-two week low of $42.07 and a fifty-two week high of $66.33. The business has a fifty day moving average of $51.99 and a 200-day moving average of $52.60. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 4.49 and a beta of 0.94.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Friday, November 7th. The company reported $4.54 EPS for the quarter, missing analysts’ consensus estimates of $5.09 by ($0.55). Brighthouse Financial had a return on equity of 20.59% and a net margin of 15.39%.The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the business posted $3.99 EPS. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BHF has been the topic of several research analyst reports. Piper Sandler reissued a “neutral” rating and set a $53.00 price target on shares of Brighthouse Financial in a research note on Tuesday, October 7th. Barclays reduced their price objective on Brighthouse Financial from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Morgan Stanley set a $70.00 target price on Brighthouse Financial in a report on Thursday, November 6th. Evercore ISI cut their price target on Brighthouse Financial from $65.00 to $55.00 and set an “in-line” rating for the company in a research note on Thursday, October 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Brighthouse Financial presently has a consensus rating of “Reduce” and an average price target of $63.70.

Brighthouse Financial Company Profile

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 consists of 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.