The insurance industry isn't known for being a hotbed of dynamically trading stocks. That's why Brighthouse Financial's (BHF 0.73%) big price swing over the past few days was notable.
Brighthouse Financial (BHF) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Brighthouse Financial is exploring options including a potential sale of the U.S. life insurance and annuity provider, according to a source familiar with the matter on Tuesday.
The stock market was having a generally strong day on Tuesday, with all three major market averages higher. As of 1:30 p.m.
Brighthouse Financial stock gains on the back of higher annuity and life insurance sales, a high-quality portfolio, financial flexibility and prudent capital deployment.
BHF rides on higher annuity and life insurance sales, high-quality portfolio, financial flexibility and effective capital deployment.
Investors need to pay close attention to Brighthouse Financial (BHF) stock based on the movements in the options market lately.
Brighthouse Financial has had a disappointing performance, gaining 12% but underperforming the market, with volatile shares due to mixed quarterly results. BHF's capital generation remains problematic, constraining potential returns. Management is addressing issues, but uncertainty persists, impacting profitability and growth. The company is considering reinsurance to improve its capital ratio, trading off short-term profitability for capital strength.
BHF's third-quarter results reflect higher expenses, partially offset by higher net investment income.
Brighthouse Financial, Inc. (NASDAQ:BHF ) Q3 2024 Earnings Conference Call November 8, 2024 8:00 AM ET Company Participants Dana Amante - Head of Investor Relations Eric Steigerwalt - President & Chief Executive Officer Ed Spehar - Chief Financial Officer David Rosenbaum - Head of Products & Underwriting Conference Call Participants Suneet Kamath - Jefferies Ryan Krueger - KBW John Barnidge - Piper Sandler Alex Scott - Barclays Wes Carmichael - Autonomous Research Operator Good morning, ladies and gentlemen, and welcome to Brighthouse Financial's Third Quarter 2024 Earnings Conference Call. My name is Michelle, and I will be your coordinator today.
While the top- and bottom-line numbers for Brighthouse Financial (BHF) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Brighthouse Financial (BHF) came out with quarterly earnings of $3.99 per share, missing the Zacks Consensus Estimate of $4.50 per share. This compares to earnings of $4.18 per share a year ago.