Jefferies Financial Group Inc. Acquires 75,165 Shares of Brighthouse Financial, Inc. $BHF

Jefferies Financial Group Inc. increased its holdings in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 132.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 132,066 shares of the company’s stock after acquiring an additional 75,165 shares during the period. Jefferies Financial Group Inc. owned about 0.23% of Brighthouse Financial worth $7,101,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Brighthouse Financial by 41.0% during the first quarter. Royal Bank of Canada now owns 985,215 shares of the company’s stock worth $57,134,000 after purchasing an additional 286,607 shares during the last quarter. Algebris UK Ltd bought a new position in Brighthouse Financial in the 1st quarter worth about $11,761,000. Woodline Partners LP purchased a new position in shares of Brighthouse Financial during the first quarter worth approximately $12,536,000. Hennessy Advisors Inc. purchased a new position in shares of Brighthouse Financial during the second quarter worth approximately $9,326,000. Finally, American Century Companies Inc. raised its stake in shares of Brighthouse Financial by 8.9% during the second quarter. American Century Companies Inc. now owns 2,001,646 shares of the company’s stock valued at $107,629,000 after acquiring an additional 163,626 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Piper Sandler reissued a “neutral” rating and set a $53.00 price target on shares of Brighthouse Financial in a research report on Tuesday, October 7th. Wells Fargo & Company increased their target price on shares of Brighthouse Financial from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Morgan Stanley set a $70.00 price target on shares of Brighthouse Financial in a report on Thursday, November 6th. Keefe, Bruyette & Woods upped their price target on shares of Brighthouse Financial from $50.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Brighthouse Financial in a report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $63.70.

Brighthouse Financial Stock Performance

Shares of BHF opened at $65.52 on Tuesday. Brighthouse Financial, Inc. has a 12 month low of $42.07 and a 12 month high of $66.33. The stock has a fifty day moving average price of $54.14 and a 200-day moving average price of $52.88. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.49. The firm has a market cap of $3.75 billion, a PE ratio of 4.47 and a beta of 0.94.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results 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 net margin of 15.39% and a return on equity of 20.59%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the business posted $3.99 earnings per share. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. Equities research analysts predict that Brighthouse Financial, Inc. will post 20.32 earnings per share for the current fiscal year.

Brighthouse Financial 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.