Brighthouse: Positioned For 2024 Capital Improvement

ArLawKa AungTun Shares of Brighthouse Financial (NASDAQ:BHF) have been a meaningful underperformer this year, as its capital performance and business complexity have led its discounted valuation to persist. Since I recommended purchasing them in October, Brighthouse shares have risen by over 8%, though this has lagged the S&P 500’s 11+% gain. While not a bad return, this underperformance is likely partly driven by concerns about its capital performance in Q3. However, I expect the company to report stro ...