Brighthouse Financial (BHF – Research Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Elyse Greenspan from Wells Fargo maintained a Sell rating on the stock and has a $41.00 price target.
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Elyse Greenspan has given her Sell rating due to a combination of factors that highlight ongoing challenges for Brighthouse Financial. Despite reporting earnings per share that exceeded expectations, underlying issues with capital management and financial stability persist. The company’s Risk-Based Capital (RBC) ratio was notably below its target range, even after a capital infusion, suggesting underlying vulnerabilities in its financial position.
Furthermore, significant negative net flows in fixed and variable annuities, along with a notable decline in total adjusted capital, indicate potential liquidity and operational concerns. The company also reported normalized statutory earnings losses, reflecting potential structural weaknesses. These factors, combined with uncertainties surrounding recent reinsurance transactions, inform Greenspan’s cautious outlook on Brighthouse Financial.
According to TipRanks, Greenspan is a 5-star analyst with an average return of 7.6% and a 62.12% success rate. Greenspan covers the Financial sector, focusing on stocks such as Everest Group, Willis Towers Watson, and AFLAC.