National Bank of Canada FI Increases Investment in Brighthouse Financial,
December 28, 2023
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The National Bank of Canada FI has recently announced an increase in their holdings of Brighthouse Financial ($NASDAQ:BHF), Inc. stock. This is a major announcement that signals the bank’s confidence in the stock and the company itself. The company’s mission is to help people understand and take charge of their financial future. They offer a wide range of life insurance and annuity products and services including term life, whole life, universal life, variable universal life, indexed universal life, and more.
With their increased stake in the company, the bank believes that Brighthouse Financial will continue to grow and thrive in the years to come. This is a major development for the company as it signals the confidence of a major financial institution in their future success.
Share Price
The stock opened at $53.5 and closed at $54.1, representing a 0.9% increase from the prior day’s closing price of 53.6. This development is indicative of the positive sentiment towards the company and its products among investors. 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 |
| 4.05k | -4.04k | -97.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brighthouse Financial. More…
| Operations | Investing | Financing |
| -438 | -3.32k | 2.81k |
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 |
| 223.52k | 219.38k | 62.89 |
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 |
| -22.8% | – | -123.6% |
| FCF Margin | ROE | ROA |
| -10.8% | -69.8% | -1.4% |
Analysis
GoodWhale’s analysis of BRIGHTHOUSE FINANCIAL‘s financials reveals that the company has an intermediate health score of 5/10 considering its cashflows and debt. From our Star Chart, we can conclude that the company is likely to safely ride out any crisis without the risk of bankruptcy. We can also see that BRIGHTHOUSE FINANCIAL is strong in liquidity, but weak in asset, dividend, growth, and profitability. Therefore, we classify this company as an ‘elephant’, meaning it is rich in assets after deducting off liabilities. Investors interested in such a company should be aware of the company’s weaknesses and focus on increasing the strengths. They should also evaluate the company’s debt and cash flow situation to ensure that there will be enough resources to keep the company afloat during any crisis. By doing so, they will be able to maximize their returns while minimizing their risks. 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
National Bank of Canada Financial Group has recently increased its stock holdings in Brighthouse Financial, Inc., a provider of annuities and life insurance products. This move reflects the bank’s belief in the potential of this company to grow and deliver returns for their investors. Analysts are optimistic that Brighthouse Financial’s strong underwriting capabilities, diverse product offerings, and long-term growth strategy will be beneficial to shareholders.
Additionally, the company’s capital efficiency and disciplined management of risk are seen as major positive factors for the stock’s future performance. With a solid balance sheet and strong financials, Brighthouse Financial looks set to make a mark in the financial industry.
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