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Is Brighthouse Financial (BHF) Stock Undervalued Right Now?
ZACKS· 2024-08-12 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation met ...
Brighthouse Financial(BHF) - 2024 Q2 - Quarterly Report
2024-08-08 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number: 001-37905 Brighthouse Financial, Inc. (Exact name of registrant as specified in its charter) Delaware 81-3846992 (State or other jurisd ...
Brighthouse Financial(BHF) - 2024 Q2 - Earnings Call Transcript
2024-08-08 15:33
Brighthouse Financial, Inc. (NASDAQ:BHF) Q2 2024 Results Conference Call August 8, 2024 8:00 AM ET Company Participants Dana Amante - Head of IR Eric Steigerwalt - President & CEO Ed Spehar - EVP & CFO John Rosenthal - EVP & CIO Myles Lambert - EVP and Chief Distribution and Marketing Officer David Rosenbaum - Head of Products & Underwriting Conference Call Participants Wes Carmichael - Autonomous Research Tom Gallagher - Evercore Elyse Greenspan - Wells Fargo Suneet Kamath - Jefferies Wilma Burdis - Raymon ...
Brighthouse: Weak Capital Limits Upside (Rating Downgrade)
Seeking Alpha· 2024-08-08 07:00
> Signing up for a secure future shapecharge Shares of Brighthouse Financial (NASDAQ:BHF) have been a poor performer over the past year, losing 19% even as other annuity providers like Jackson Financial (JXN) and Equitable (EQH) have rallied. The pain is likely to continue, with BHF reporting a very disappointing Q2 on Tuesday. I last covered BHF in May when I opted to keep shares a "buy" despite a weak Q1. In hindsight, I gave too much attention to its low valuation and not enough to its weak results, with ...
Brighthouse Financial (BHF) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-08 00:01
Brighthouse Financial (BHF) reported $2.22 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.6%. EPS of $5.57 for the same period compares to $4.13 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.2 billion, representing a surprise of +0.86%. The company delivered an EPS surprise of +27.75%, with the consensus EPS estimate being $4.36. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...
Brighthouse Financial (BHF) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-07 23:25
Brighthouse Financial (BHF) came out with quarterly earnings of $5.57 per share, beating the Zacks Consensus Estimate of $4.36 per share. This compares to earnings of $4.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 27.75%. A quarter ago, it was expected that this annuity and life insurance company would post earnings of $3.96 per share when it actually produced earnings of $4.25, delivering a surprise of 7.32%. Over the ...
Brighthouse Financial(BHF) - 2024 Q2 - Quarterly Results
2024-08-07 20:23
Brighthouse Financial, Inc. Financial Supplement Second Quarter 2024 Exhibit 99.2 Financial Results 1 Key Metrics 2 GAAP Statements of Operations 3 GAAP Balance Sheets Earnings and Select Metrics from Segments and Corporate & Other 5 Statements of Adjusted Earnings by Segment and Corporate & Other 7 Annuities — Statements of Adjusted Earnings 8 Annuities — Select Operating Metrics 10 Life — Statements of Adjusted Earnings 11 Life — Select Operating Metrics 13 Run-off — Statements of Adjusted Earnings 14 Run ...
Why Is Brighthouse Financial (BHF) Down 4.8% Since Last Earnings Report?
ZACKS· 2024-06-06 16:36
A month has gone by since the last earnings report for Brighthouse Financial (BHF) . Shares have lost about 4.8% in that time frame, underperforming the S&P 500. Brighthouse Q1 Earnings Beat, Revenues Miss Estimates Total operating revenues of $2.1 billion increased 2.9% year over year, driven by higher premiums, net investment income and other income. The top line, however, missed the consensus mark by 3.5%. Premiums of $202 million increased 2.5% year over year. Quarterly Segmental Update Life's adjusted ...
Here's Why Hold Strategy is Apt for Brighthouse Financial (BHF)
ZACKS· 2024-06-04 15:16
Brighthouse Financial, Inc. (BHF) is well-positioned for growth, driven by higher annuity and life insurance sales, conservative investment strategy, asset growth, improved interest rates, a well-diversified and highquality portfolio, as well as sufficient liquidity. Growth Projections The Zacks Consensus Estimate for Brighthouse Financial's 2024 earnings per share indicates a year-over-year increase of 16.4%. The consensus estimate for revenues is pegged at $8.62 billion, implying a year-over-year improvem ...
3 Sorry Insurance Stocks to Sell in May While You Still Can
Investor Place· 2024-05-30 13:18
Financial and financial technology stocks have had a decent run ever since interest rates rose. The Financial Select Sector SPDR Fund (NYSEARCA:XLF) is an exchange-traded fund that tracks 71 equities in the financial sector, including banking and insurance companies. The ETF has $39 billion in assets under management and has risen 28% over the past 12 months, edging out the S&P 500. Similarly, the ARK Fintech Innovation ETF (NYSEARCA:ARKF), which holds 33 fintech stocks, skyrocketed 44% over the same period ...