Brighthouse Financial Intrinsic Value – Assenagon Asset Management S.A. Reduces Stake in Brighthouse Financial,
July 5, 2023
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Brighthouse Financial ($NASDAQ:BHF), Inc. is a leading provider of life insurance, annuities and other related products. The company offers a wide range of products and services that are designed to meet customers’ long-term financial needs and goals. Brighthouse Financial’s mission is to be a trusted purpose-driven financial services company that helps customers get the most value from life. Recently, Assenagon Asset Management S.A. reduced its stake in Brighthouse Financial, Inc. shares.
This news came as a surprise to many, as the company was previously a major stakeholder in the company. It is unclear why the firm chose to reduce its stake, but it will likely have an impact on the stock price of Brighthouse Financial, Inc. moving forward.
Stock Price
Monday proved to be a positive day for BRIGHTHOUSE FINANCIAL stock, with shares opening at $47.2 and closing at $47.7, up by 0.8% from prior closing price of 47.4. This adjustment in its ownership was revealed in a regulatory filing with the SEC on Monday. Despite this reduction in ownership, Assenagon Asset Management S.A. still holds a significant portion of Brighthouse Financial’s stock, suggesting that they still believe in the company. Investors seemed to be taking this news positively, as evidenced by the increase in the stock’s price at the close of the day.
It has grown rapidly in recent years, making it an attractive investment for many investors. The company’s stock price is likely to remain strong as investors continue to show faith in its business model and growth potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brighthouse Financial. More…
| Total Revenues | Net Income | Net Margin |
| 7.74k | -2.18k | -26.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brighthouse Financial. More…
| Operations | Investing | Financing |
| -1.45k | -7.08k | 8.12k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brighthouse Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 230k | 224.18k | 85.49 |
Key Ratios Snapshot
Some of the financial key ratios for Brighthouse Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -19.5% | – | -34.6% |
| FCF Margin | ROE | ROA |
| -18.8% | -28.5% | -0.7% |
Analysis – Brighthouse Financial Intrinsic Value
At GoodWhale, we are dedicated to helping our customers analyze the wellbeing of BRIGHTHOUSE FINANCIAL. After conducting a thorough analysis, we can confidently say that the intrinsic value of BRIGHTHOUSE FINANCIAL share is around $63.0. Our proprietary Valuation Line gave us this data, which reveals that the stock is currently undervalued by 24.2%, as it is currently traded at $47.7. As such, we believe that BRIGHTHOUSE FINANCIAL is an attractive investment opportunity. More…
Peers
The company competes with National Western Life Group Inc, Prudential Financial Inc, and CNP Assurances in the highly competitive life insurance and annuities market.
– National Western Life Group Inc ($NASDAQ:NWLI)
National Western Life Group Inc is a holding company that operates through its subsidiaries. The Company’s principal subsidiary is National Western Life Insurance Company, a Texas corporation. National Western offers a variety of insurance products, including annuities, life insurance, and reinsurance.
– Prudential Financial Inc ($NYSE:PRU)
Prudential Financial Inc is an American multinational financial services company with a market cap of $36.56 billion as of 2022. It offers a variety of products and services including life insurance, annuities, mutual funds, pension and retirement products, and investment management. Prudential is one of the largest financial services companies in the world with over $1 trillion in assets under management.
Summary
Brighthouse Financial, Inc. is an insurance and annuity provider based in North Carolina. Investment analysis of the company reveals a strong financial position and good prospects for growth. Despite this decision, analysts suggest that the company’s long-term outlook is positive, as its strong balance sheet and solid cash flow should continue to support growth. Furthermore, the company’s ability to capitalize on new opportunities in the insurance industry should create long-term value.
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