Brighthouse Financial, Inc. $BHF Stock Position Cut by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 30.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,106 shares of the company’s stock after selling 10,447 shares during the period. WINTON GROUP Ltd’s holdings in Brighthouse Financial were worth $1,280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHF. Smartleaf Asset Management LLC grew its holdings in Brighthouse Financial by 66.5% during the second quarter. Smartleaf Asset Management LLC now owns 566 shares of the company’s stock worth $31,000 after acquiring an additional 226 shares during the period. Clearstead Advisors LLC raised its position in shares of Brighthouse Financial by 540.4% during the third quarter. Clearstead Advisors LLC now owns 634 shares of the company’s stock worth $34,000 after purchasing an additional 535 shares during the period. Hantz Financial Services Inc. raised its position in shares of Brighthouse Financial by 225.5% during the third quarter. Hantz Financial Services Inc. now owns 664 shares of the company’s stock worth $35,000 after purchasing an additional 460 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Brighthouse Financial by 835.2% during the first quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock valued at $48,000 after purchasing an additional 735 shares during the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in shares of Brighthouse Financial during the third quarter valued at $50,000. 81.24% of the stock is currently owned by institutional investors.

Brighthouse Financial Trading Down 0.1%

Shares of NASDAQ BHF opened at $60.23 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.33. The business has a 50-day moving average price of $63.22 and a two-hundred day moving average price of $58.56. The firm has a market capitalization of $3.44 billion, a PE ratio of 10.38 and a beta of 0.96.

Analyst Ratings Changes

Several research firms have issued reports on BHF. Zacks Research upgraded Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 17th. Barclays downgraded shares of Brighthouse Financial from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Brighthouse Financial in a report on Monday, December 29th. Finally, Raymond James Financial restated a “market perform” rating on shares of Brighthouse Financial in a research report on Wednesday, November 12th. Eight research 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, Brighthouse Financial currently has an average rating of “Reduce” and an average target price of $63.67.

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.