Wiley BROS. Aintree Capital LLC Sells 1,350 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)

Wiley BROS. Aintree Capital LLC trimmed its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,529 shares of the company’s stock after selling 1,350 shares during the period. Wiley BROS. Aintree Capital LLC’s holdings in Brighthouse Financial were worth $451,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BHF. Norges Bank bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $36,365,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Brighthouse Financial in the 4th quarter valued at approximately $25,936,000. Goldman Sachs Group Inc. lifted its stake in shares of Brighthouse Financial by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 888,375 shares of the company’s stock valued at $45,894,000 after purchasing an additional 317,322 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in shares of Brighthouse Financial by 5,526.6% in the 4th quarter. Great Lakes Advisors LLC now owns 267,430 shares of the company’s stock valued at $1,371,000 after purchasing an additional 262,677 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in shares of Brighthouse Financial in the 1st quarter valued at approximately $11,028,000. 79.77% of the stock is owned by institutional investors.

Brighthouse Financial Stock Up 1.6 %

Shares of Brighthouse Financial stock traded up $0.82 during trading on Thursday, reaching $51.15. The company’s stock had a trading volume of 86,905 shares, compared to its average volume of 477,455. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.63. The company has a market cap of $3.35 billion, a price-to-earnings ratio of -1.46 and a beta of 1.32. Brighthouse Financial, Inc. has a 1-year low of $39.24 and a 1-year high of $60.54. The company has a 50-day simple moving average of $49.82 and a two-hundred day simple moving average of $46.40.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $4.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.55 by $0.58. Brighthouse Financial had a positive return on equity of 14.27% and a negative net margin of 65.81%. The firm had revenue of $263.00 million during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the firm earned $3.29 EPS. As a group, equities analysts forecast that Brighthouse Financial, Inc. will post 15.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BHF. Piper Sandler raised their price objective on Brighthouse Financial from $44.00 to $50.00 in a research note on Friday, July 7th. Jefferies Financial Group increased their price target on Brighthouse Financial from $46.00 to $54.00 in a report on Thursday. Barclays increased their price target on Brighthouse Financial from $42.00 to $49.00 in a report on Tuesday, July 11th. Finally, Morgan Stanley increased their price target on Brighthouse Financial from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, August 18th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.86.

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 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.