Cwm LLC Purchases 29,217 Shares of Brighthouse Financial, Inc. $BHF

Cwm LLC grew its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 518.1% in the third quarter, HoldingsChannel reports. The fund owned 34,856 shares of the company’s stock after acquiring an additional 29,217 shares during the period. Cwm LLC’s holdings in Brighthouse Financial were worth $1,850,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Interval Partners LP acquired a new stake in shares of Brighthouse Financial in the first quarter valued at approximately $3,094,000. Millennium Management LLC grew its position in Brighthouse Financial by 156.2% in the first quarter. Millennium Management LLC now owns 262,890 shares of the company’s stock valued at $15,245,000 after purchasing an additional 160,272 shares in the last quarter. Samlyn Capital LLC acquired a new stake in Brighthouse Financial in the 1st quarter valued at $8,750,000. Scientech Research LLC bought a new stake in Brighthouse Financial during the 1st quarter worth about $949,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Brighthouse Financial by 835.2% during the 1st quarter. Jones Financial Companies Lllp now owns 823 shares of the company’s stock worth $48,000 after buying an additional 735 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

Brighthouse Financial Stock Down 0.3%

BHF stock opened at $64.57 on Friday. Brighthouse Financial, Inc. has a 1-year low of $42.07 and a 1-year high of $66.33. The business’s 50 day simple moving average is $62.92 and its 200 day simple moving average is $54.18. 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 capitalization of $3.69 billion, a PE ratio of 4.40 and a beta of 0.97.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data 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 return on equity of 20.59% and a net margin of 15.39%.The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the firm earned $3.99 earnings per share. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, research analysts anticipate that Brighthouse Financial, Inc. will post 20.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BHF. Keefe, Bruyette & Woods raised their price objective on Brighthouse Financial from $50.00 to $70.00 and gave the company a “market perform” rating in a report on Friday, November 7th. Wells Fargo & Company raised their price target on Brighthouse Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brighthouse Financial in a research report on Monday, December 29th. Evercore ISI cut their price objective on Brighthouse Financial from $65.00 to $55.00 and set an “in-line” rating for the company in a report on Thursday, October 9th. Finally, Zacks Research raised shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $63.70.

Brighthouse Financial 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.