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Full Answer
Is Brighthouse Financial and MetLife the same thing?
While Brighthouse Financial is a spin-off of MetLife, the two are not the same. Brighthouse Financial is an independent company, meaning that they operate completely separate from MetLife.
Did MetLife become Brighthouse?
On March 6, 2017 MetLife’s consumer retail life insurance and annuity business was separated into a separate company called Brighthouse Financial. Currently, MetLife’s U.S. Retail is part of a Systemically Important Financial Institution (Sifi) labeled by the US Government.
Who owns Brighthouse and why did it go into administration?
Brighthouse is owned by American private equity firm, Apollo Management, which was founded in 1990. The firm is headquartered in New York and is listed on the New York Stock Exchange as publicly traded. Companies owned by Apollo include Claire's, ADT, Endemol Shine Group and Caesar's Entertainment Corporation.
What is stock price of Brighthouse Financial?
The average price target is $46.75, with a high forecast of $53.00 and a low forecast of $42.00. The average price target represents a -6.22% upside from the last price of $49.85. This chart shows the closing price for BHF for the last year in relation to the current analyst high, average, and low pricetarget.
Where did Brighthouse Financial stock come from?
On August 4, 2017, Brighthouse Financial completed its separation from MetLife and began trading on the Nasdaq stock exchange on August 7, 2017, under the symbol "BHF." Upon completion of the separation, MetLife retained a 19.2% stake in the company.
How do I buy Brighthouse stock?
Brighthouse Financial shares (BHF) are listed on the NASDAQ and all prices are listed in US Dollars....How to buy shares in Brighthouse FinancialCompare share trading platforms. ... Open your brokerage account. ... Confirm your payment details. ... Research the stock. ... Purchase now or later.More items...
What is Brighthouse Financial Computershare?
Computershare Trust Company, N.A. (“Computershare”) is Brighthouse Financial's stock transfer agent and registrar.
Should I sell Brighthouse Financial stock?
Stockchase rating for Brighthouse Financial Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
What is the difference between MetLife and Brighthouse Financial?
Brighthouse Financial is an independent company, meaning that they operate completely separate from MetLife. However, while Brighthouse Financial is a completely separate entity from MetLife, meaning that MetLife does not have any direct control over Brighthouse Financial.
How do I cash out my MetLife stock?
If your shares of MetLife, Inc. common stock are held in the MetLife Policyholder Trust, you may visit Computershare's website for online access to your account, and to sell online. You may also sell your shares by calling Computershare at (800) 649-3593.
How do I check my shares on Computershare?
The easiest way for you to access your share information is to use our secure website, Investor Centre. You can either log-in using one of the links below or use the Log-in button at the top right of this page....Here you can:View your share portfolio.Download forms.Change your personal details.Find answers to FAQs.
How do you cash out stocks on Computershare?
Termination and Withdrawal A Participant may withdraw from CIP online at www.computershare.com/investor, via telephone or by mailing a request to Computershare. A Participant may also withdraw from CIP by selling or transferring all shares in the Participant's CIP account.
Is Brighthouse Financial legitimate?
However, Brighthouse has excellent financial strength, with an A (Excellent) rating from AM Best, which indicates its historical ability to meet its financial obligations. It also receives few complaints, according to the National Association of Insurance Commissioners (NAIC) Company Complaint Index.
Who is the transfer agent for MetLife stock?
Computershare Inc.Our Transfer Agent, Computershare Inc. (“Computershare”), provides a variety of shareholder services, including information about: The Brighthouse Financial Distribution. The Purchase and Sale Program.
Did Brighthouse Financial take over MetLife?
On March 6, 2017, MetLife separated its U.S. retail business. The separated business launched Brighthouse Financial, Inc. - an independent company that is no longer a part of MetLife. Click here to learn more about Brighthouse Financial.
Who bought Brighthouse Financial?
Today, MetLife Insurance Company USA is Brighthouse Life Insurance Company, licensed in 49 states.
What You Need To Know About Brighthouse Financial, Inc.'s (NASDAQ:BHF) Investor Composition
A look at the shareholders of Brighthouse Financial, Inc. ( NASDAQ:BHF ) can tell us which group is most powerful...
Brighthouse Financial Announces Preferred Stock Dividends and Related Depositary Share Distributions
CHARLOTTE, N.C., February 15, 2022--Brighthouse Financial, Inc.
When is Brighthouse Financial's 10th Form effective?
Subject to the SEC’s timely declaration that Brighthouse Financial’s Registration Statement on Form 10 is effective, the record date will be 5 p.m. New York City time on Wednesday, July 19, 2017, and the distribution date will be 5 p.m.
Does MetLife have a forward-looking statement?
MetLife, Inc. and Brighthouse Financial, Inc. do not undertake any obligation to publicly correct or update any forward-looking statement if MetLife, Inc. or Brighthouse Financial, Inc. later become aware that such statement is not likely to be achieved.
When will MetLife shareholders receive Brighthouse Financial?
We believe our valuation analysis could serve as a good starting point for MetLife’s shareholders, who will receive Brighthouse Financial’s shares on August 4. Notably, MetLife has already launched a “when-issued” market in the shares under the symbol BHFWV.
When will Brighthouse be distributed?
The shares of Brighthouse will be distributed on August 4 while regular trading is expected to start on August 7 under the ticker BHF. MetLife’s shareholders are not required to take any action to participate in the distribution. To estimate Brighthouse’s implied market valuation, we are using a P/B-RoE approach.
How much of Brighthouse does MetLife own?
According to the company’s information statement, following the separation, MetLife will retain no more than 19.9% of Brighthouse. Based on that and MetLife‘s outstanding shares, the company estimates that approximately 122,723,993 shares of Brighthouse will be issued, of which MetLife will own 24,422,074 shares.
Is MetLife separating Brighthouse?
The separation has been widely viewed as a long-term catalyst for MetLife as it should enhance the company’s profitability levels and lower its cost of capital. On October 5, MetLife officially confirmed its plans to initiate the separation of Brighthouse in the form of a spin-off.
Is MetLife going to break up?
Last year, MetLife (NYSE: MET) announced a plan to break up the company, mainly driven by strategic and regulatory reasons. The company said that it would re-brand its US retail business as Brighthouse Financial.
Does Brighthouse Financial have senior unsecured bonds?
It is important to note that Brighthouse Financial has recently issued $3bn of senior unsecured bonds. According to Fitch Ratings, the proceeds from the debt issuance will be used to pay a dividend to MetLife. As such, MetLife’s net investment in its retail unit should be adjusted for the debt offering.
What is BHF on the NASDAQ?
who owned less than 11 shares of common stock, or others who would otherwise have received fractional shares, received cash. Brighthouse Financial, Inc. common stock begins "regular-way" trading under the symbol "BHF" on the NASDAQ Stock Market today, Aug. 7, 2017, when markets open.
Does MetLife have a forward-looking statement?
MetLife, Inc. does not undertake any obligation to publicly correct or update any forward-looking statement if MetLife, Inc. later become aware that such statement is not likely to be achieved. Please consult any further disclosures MetLife, Inc. makes on related subjects in reports to the SEC.
Is MetLife a publicly traded company?
MetLife, Inc. (NYSE: MET) today announced it has completed the spin-off of Brighthouse Financial, Inc. (NASDAQ: BHF), creating two independent, publicly-traded companies. Today marks the first day of post-separation trading for each company’s common stock on its respective stock exchange.
Brighthouse Financial Distribution Information
What was the distribution? Did the number of MetLife, Inc. shares I own change as a result of the distribution? What did I receive in the distribution? When did the distribution occur? How did MetLife, Inc. distribute shares of Brighthouse Financial, Inc. common stock? How does Brighthouse Financial, Inc.
The MetLife Policyholder Trust
How did I acquire MetLife, Inc. common stock? Where and how is the MetLife, Inc. common stock held? How may I contact Computershare? Where can I find additional information about the MetLife Policyholder Trust?
General
What is MetLife’s common stock ticker symbol? How do I update the address on my MetLife, Inc. common stock account? How do I add a Transfer on Death (TOD) recipient to my MetLife, Inc. common stock account so that my account can be transferred on death to a named beneficiary? How can I obtain a copy of my MetLife, Inc.
Ownership Transfers
How do I update my name or transfer ownership of the MetLife, Inc. common stock account? How do I transfer my MetLife shares to my personal brokerage account?
Dividends
How do I enroll in direct deposit for dividends? What is the most recent declared dividend amount for MetLife, Inc. common stock? When is it distributed to shareholders? How can I have an old MetLife, Inc. common stock dividend check reissued? Does MetLife have a dividend reinvestment program?
Tax and Cost Basis Information
What is the cost basis of the stock that was allocated to me when MetLife became a public company? How do I certify my Taxpayer Identification Number (TIN), on my MetLife stock account? I received a Substitute W-9 from Computershare. What do I need to do?
Purchases and Sales by Beneficiaries of the MetLife Policyholder Trust
How do I sell my shares of MetLife, Inc. common stock? Can I purchase additional MetLife, Inc. common stock?
What is Brighthouse Financial?
Brighthouse Financial is a new company that was established by MetLife. It is a major provider of life insurance and annuity products, with an estimated worth of $223 billion in assets, and an estimated 2.7 million life insurance policies and annuity contracts currently in force.
Who is the largest shareholder in Brighthouse Financial?
MetLife, however, is the largest shareholder of Brighthouse Financial, as they retain nearly 20 percent of the common stock.
Why did MetLife start Brighthouse Financial?
The purpose of MetLife establishing Brighthouse Financial was so that the insurance provider could focus solely on selling life insurance, as well as annuities, to individuals. MetLife still continues to exist, but they only focus on selling their products to companies that can be used as employee benefits. The insurance policies that are sold ...
Can you buy life insurance with Brighthouse?
As such, you will be able to continue communicating with him or her about any concerns related to your life insurance policy. If you wish to purchase life insurance from Brighthouse, you will be able to purchase both term life insurance and whole life insurance, as well as variable and universal policies.
Is Brighthouse Financial the same as MetLife?
While Brighthouse Financial is a spin-off of MetLife, the two are not the same. Brighthouse Financial is an independent company, meaning that they operate completely separate from MetLife. However, while Brighthouse Financial is a completely separate entity from MetLife, meaning that MetLife does not have any direct control over Brighthouse ...
