15,000 Shares in Brighthouse Financial, Inc. $BHF Bought by Carlson Capital L.P.

Carlson Capital L.P. purchased a new stake in Brighthouse Financial, Inc. (NASDAQ:BHF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $796,000. Brighthouse Financial makes up approximately 0.3% of Carlson Capital L.P.’s portfolio, making the stock its 26th largest position.

Several other hedge funds also recently added to or reduced their stakes in BHF. Four Tree Island Advisory LLC increased its position in shares of Brighthouse Financial by 1.8% in the 2nd quarter. Four Tree Island Advisory LLC now owns 12,262 shares of the company’s stock worth $659,000 after purchasing an additional 214 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Brighthouse Financial by 66.5% in the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after purchasing an additional 226 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Brighthouse Financial by 1.6% in the third quarter. Harbor Capital Advisors Inc. now owns 23,539 shares of the company’s stock valued at $1,249,000 after buying an additional 375 shares during the last quarter. KLP Kapitalforvaltning AS raised its stake in Brighthouse Financial by 3.4% during the second quarter. KLP Kapitalforvaltning AS now owns 12,200 shares of the company’s stock valued at $656,000 after buying an additional 400 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Brighthouse Financial by 0.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 53,428 shares of the company’s stock worth $2,873,000 after buying an additional 460 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Brighthouse Financial Price Performance

Shares of NASDAQ BHF opened at $63.73 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $3.64 billion, a PE ratio of 4.35 and a beta of 0.97. Brighthouse Financial, Inc. has a 1-year low of $42.07 and a 1-year high of $66.33. The business’s fifty day moving average price is $64.68 and its two-hundred day moving average price is $56.13.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Friday, November 7th. The company reported $4.54 EPS for the quarter, missing the consensus estimate of $5.09 by ($0.55). Brighthouse Financial had a return on equity of 20.59% and a net margin of 15.39%.The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company posted $3.99 EPS. The firm’s revenue was down 10.0% on a year-over-year basis. On average, research analysts expect that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BHF. Barclays downgraded Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 price target for the company. in a report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Brighthouse Financial in a research note on Monday, December 29th. Keefe, Bruyette & Woods increased their target price on shares of Brighthouse Financial from $50.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, November 7th. Raymond James Financial reaffirmed a “market perform” rating on shares of Brighthouse Financial in a report on Wednesday, November 12th. Finally, Morgan Stanley set a $70.00 price objective on shares of Brighthouse Financial in a research report on Thursday, November 6th. Eight investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $63.67.

About Brighthouse Financial

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.