Kendall Capital Management Invests $1.06 Million in Brighthouse Financial, Inc. $BHF

Kendall Capital Management acquired a new stake in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) during the second quarter, HoldingsChannel.com reports. The fund acquired 16,725 shares of the company’s stock, valued at approximately $1,059,000.

Other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Brighthouse Financial in the 2nd quarter worth approximately $27,000. NewEdge Advisors LLC boosted its position in Brighthouse Financial by 442.5% during the fourth quarter. NewEdge Advisors LLC now owns 434 shares of the company’s stock worth $28,000 after purchasing an additional 354 shares during the period. Bessemer Group Inc. grew its holdings in Brighthouse Financial by 390.3% during the first quarter. Bessemer Group Inc. now owns 505 shares of the company’s stock valued at $30,000 after purchasing an additional 402 shares during the last quarter. 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 valued at $31,000 after purchasing an additional 226 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of Brighthouse Financial in the third quarter valued at approximately $37,000. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Stock Down 1.8%

Shares of BHF opened at $52.27 on Friday. The company has a 50-day simple moving average of $62.27 and a 200-day simple moving average of $61.93. The firm has a market capitalization of $3.01 billion, a P/E ratio of 4.17 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 0.96. Brighthouse Financial, Inc. has a 52 week low of $42.07 and a 52 week high of $66.80.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Wednesday, August 5th. The company reported $4.45 earnings per share for the quarter, missing the consensus estimate of $4.86 by ($0.41). Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the business posted $3.43 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities research analysts expect that Brighthouse Financial, Inc. will post 18.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a research note on Sunday, July 12th. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Brighthouse Financial in a research report on Friday, August 7th. Eight equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $60.50.

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.