ARP Americas LP Invests $295,000 in Brighthouse Financial Inc (NASDAQ:BHF)

ARP Americas LP bought a new position in shares of Brighthouse Financial Inc (NASDAQ:BHF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,600 shares of the company’s stock, valued at approximately $295,000.

Several other large investors have also recently made changes to their positions in BHF. Canada Pension Plan Investment Board grew its position in shares of Brighthouse Financial by 25,120.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,522 shares of the company’s stock valued at $60,000 after buying an additional 2,512 shares during the last quarter. Altshuler Shaham Ltd grew its position in shares of Brighthouse Financial by 540.0% in the 1st quarter. Altshuler Shaham Ltd now owns 3,200 shares of the company’s stock valued at $77,000 after buying an additional 2,700 shares during the last quarter. Wallington Asset Management LLC purchased a new position in shares of Brighthouse Financial in the 2nd quarter valued at $202,000. RBF Capital LLC purchased a new position in shares of Brighthouse Financial in the 1st quarter valued at $222,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Brighthouse Financial by 18.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,348 shares of the company’s stock valued at $226,000 after buying an additional 1,434 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors.

NASDAQ BHF traded up $0.03 on Friday, reaching $28.34. The company’s stock had a trading volume of 445,089 shares, compared to its average volume of 760,504. Brighthouse Financial Inc has a twelve month low of $12.05 and a twelve month high of $48.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $2.79 billion, a PE ratio of 0.61 and a beta of 1.78. The firm’s 50 day moving average is $28.78 and its two-hundred day moving average is $30.77.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Monday, May 11th. The company reported $2.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.64. Brighthouse Financial had a net margin of 33.37% and a return on equity of 6.34%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company earned $2.21 EPS. Brighthouse Financial’s revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Brighthouse Financial Inc will post 8.88 EPS for the current fiscal year.

Several research analysts have issued reports on BHF shares. ValuEngine downgraded shares of Brighthouse Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 9th. BidaskClub downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Royal Bank of Canada raised their price objective on shares of Brighthouse Financial from $24.00 to $33.00 in a research report on Wednesday, May 13th. TheStreet raised shares of Brighthouse Financial from a “d” rating to a “c-” rating in a research report on Tuesday, July 14th. Finally, Zacks Investment Research downgraded shares of Brighthouse Financial from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research report on Friday, June 19th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $33.33.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.

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Institutional Ownership by Quarter for Brighthouse Financial (NASDAQ:BHF)

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