Brighthouse Financial, Inc. (NASDAQ:BHF) President and CEO Eric Steigerwald sold 25,000 shares of the company's stock on February 26, 2024, according to a recent SEC filing. This transaction was executed at an average price of $46.96 per share, giving him a total value of $1,174,000.
Brighthouse Financial Inc is a provider of life insurance and annuity products in the United States. The company offers a variety of products designed to help customers protect their financial future and provide retirement income. Brighthouse Financial Inc operates through his three segments: Pensions, Life and Runoffs. The company's product portfolio includes variable, fixed, indexed and income annuities, as well as term and universal life insurance products.
This insider has sold a total of 25,000 shares in the past year, but hasn't bought any company stock. Eric Steigerwald's recent sales follow the pattern observed over the past year, with no insider purchases and 5 insider sales for Brighthouse Financial.
In the latest insider trading day, shares of Brighthouse Financial Inc. traded at $46.96, giving the company a market cap of $2.963 billion.
Stock price comparison to GuruFocus Value shows that Brighthouse Financial Inc is significantly overvalued. The price to GF value ratio is 1.32, with GF value estimated at $35.45 per share. GF Value is GuruFocus' proprietary estimate of intrinsic value that considers historical trading multiples, GuruFocus' adjustment factors based on a company's past performance, and Morningstar analyst estimates of future performance. I am.
The insider trends image above reflects recent selling activity by Brighthouse Financial Inc. insiders, with no insider purchases recorded in the past year.
The GF Value image provides a visual representation of a stock's current valuation compared to its intrinsic value, as estimated by GuruFocus.
To learn more about Brighthouse Financial Inc. (NASDAQ:BHF)'s insider transactions and stock performance, you can visit the company's profile on GuruFocus.com.
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This article first appeared on GuruFocus.
