SG Americas Securities LLC Sells 203,215 Shares of Brighthouse Financial, Inc. $BHF

SG Americas Securities LLC lowered its stake in Brighthouse Financial, Inc. (NASDAQ:BHF) by 59.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,287 shares of the company’s stock after selling 203,215 shares during the quarter. SG Americas Securities LLC owned approximately 0.24% of Brighthouse Financial worth $8,281,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Brighthouse Financial by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,495,032 shares of the company’s stock valued at $226,442,000 after acquiring an additional 45,109 shares during the period. UBS Group AG lifted its stake in Brighthouse Financial by 98.1% in the 3rd quarter. UBS Group AG now owns 3,413,278 shares of the company’s stock worth $181,177,000 after purchasing an additional 1,690,064 shares in the last quarter. American Century Companies Inc. lifted its stake in Brighthouse Financial by 10.4% in the 3rd quarter. American Century Companies Inc. now owns 2,210,276 shares of the company’s stock worth $117,321,000 after purchasing an additional 208,630 shares in the last quarter. HBK Investments L P bought a new position in Brighthouse Financial in the 4th quarter valued at $136,059,000. Finally, Glazer Capital LLC bought a new position in Brighthouse Financial in the 4th quarter valued at $113,252,000. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on BHF. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $67.00 price target on shares of Brighthouse Financial in a report on Thursday, March 26th. Argus raised Brighthouse Financial to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings cut Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Zacks Research raised Brighthouse Financial from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Eight analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $60.86.

Brighthouse Financial Price Performance

Shares of NASDAQ:BHF opened at $63.15 on Friday. The company’s fifty day moving average price is $62.45 and its 200-day moving average price is $62.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of -21.19 and a beta of 0.86. Brighthouse Financial, Inc. has a one year low of $42.07 and a one year high of $66.33.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $4.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.57 by ($0.22). The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.20 billion. Brighthouse Financial had a positive return on equity of 16.88% and a negative net margin of 1.10%.The company’s revenue for the quarter was down 29.4% on a year-over-year basis. During the same period last year, the firm earned $4.17 EPS. On average, equities research analysts anticipate that Brighthouse Financial, Inc. will post 19.73 earnings per share for the current fiscal year.

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.