BHF Stock Summary and Trading Ideas (Brighthouse Finl | NASDAQ:BHF)

Brighthouse Financial Inc is a United States-based provider of annuity products and life insurance through independent distribution channels and marketing arrangements with distribution partners. Its segments are Annuities, Life, and Run-off. It derives a majority of the revenue from the Annuities segment which includes variable, fixed, index-linked, and income annuities. The life segment includes variable, term, universal, and whole life policies.

Brighthouse Finl trades on the NASDAQ stock market under the symbol BHF.

As of April 19, 2024, BHF stock price climbed to $48.91 with 338,857 million shares trading.

BHF has a beta of 1.36, meaning it tends to be more sensitive to market movements. BHF has a correlation of 0.27 to the broad based SPY ETF.

BHF has a market cap of $3.08 billion. This is considered a Mid Cap stock.

Last quarter Brighthouse Finl reported $2 billion in Revenue and $2.92 earnings per share. This fell short of revenue expectation by $-16 million and missed earnings estimates by -$.77.

In the last 3 years, BHF stock traded as high as $62.33 and as low as $38.38.

The top ETF exchange traded funds that BHF belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

BHF has underperformed the market in the last year with a price return of +11.4% while the SPY ETF gained +21.2%. BHF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.2% and -3.6%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

BHF support price is $46.66 and resistance is $48.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BHF stock will trade within this expected range on the day.