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.
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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.
Who is the transfer agent for Brighthouse stock?
Computershare Trust Company, N.A.Computershare Trust Company, N.A. (“Computershare”) is Brighthouse Financial's stock transfer agent and registrar.
Who handles MetLife stock?
Registered holders of MetLife, Inc. common stock, whose shares are not held in the MetLife Policyholder Trust, may sell their shares through Computershare by calling (800) 649-3593. Computershare's fees for this type of sale transaction are $15 plus commissions of $0.12 per share.
Who is Brighthouse Financial stock?
Brighthouse Financial (Nasdaq: BHF) is a major provider of annuities and life insurance in the U.S. Established by MetLife, we are on a mission to help people achieve financial security. We specialize in products that play an essential role in helping people protect what they've earned and ensure it lasts.
Should I sell my Brighthouse stock?
The consensus among Wall Street equities research analysts is that investors should "hold" Brighthouse Financial stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BHF, but not buy additional shares or sell existing shares.
Should I sell my Brighthouse shares?
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.
Is MetLife and Brighthouse the same?
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.
How do you transfer Computershare stock after death?
Transfer requires: (a) an endorsement by the surviving beneficiary or beneficiaries (with acceptable signature verification) and (b) an original, or a certified copy of the death certificate of the owner(s) and (c) any inheritance tax waivers required or other documents required by Computershare for transfers under its ...
How are Brighthouse Financial and MetLife connected?
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.
Is Brighthouse Financial legitimate?
Both Brighthouse Life Insurance Company and Brighthouse Life Insurance Company of New York have been assigned A (Excellent) financial strength ratings from AM Best. 2 Both also received A+ ratings from Standard & Poor's.
Is Brighthouse Financial publicly traded?
Brighthouse Financial, Inc. common stock is traded on the Nasdaq Stock Market under the symbol "BHF".
Is Brighthouse Financial a good investment?
Valuation metrics show that Brighthouse Financial, Inc. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of BHF, demonstrate its potential to outperform the market.
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.
When did MetLife split from Brighthouse Financial?
Under the terms of the separation, on the Aug. 4, 2017 distribution date, MetLife, Inc. common shareholders received a distribution of one share of Brighthouse Financial, Inc. common stock for every 11 shares of MetLife, Inc. common stock they held as of 5 p.m. New York City time on the July 19, 2017 record date. MetLife, Inc. common shareholders who sold their "MET" shares in the "regular-way" market after that date, but before and through the August 4 date that Brighthouse Financial, Inc. common stock was distributed, sold their entitlement to receive Brighthouse Financial, Inc. common stock in the distribution. Shareholders of MetLife, Inc. who owned less than 11 shares of common stock, or others who would otherwise have received fractional shares, received cash.
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.
What is Brighthouse Financial's stock symbol?
Brighthouse Financial, Inc. common stock is traded on the Nasdaq Stock Market under the symbol "BHF". In addition, the following Brighthouse Financial securities are also traded on the Nasdaq Stock Market:
What is Brighthouse Financial?
(“Brighthouse Financial”) is one of the largest providers of annuities and life insurance in the United States through multiple independent distribution channels and marketing arrangements with a diverse network of distribution partners.
Is Brighthouse Financial a part of MetLife?
Until August 4, 2017, Brighthouse Financial was a wholly-owned subsidiary of MetLife, Inc. Additional details regarding the separation from MetLife, Inc., including the tax treatment of separation can be found in Brighthouse Financial's final Information Statement or on MetLife’s Investor Relations website.
What is Brighthouse Financial?
Brighthouse Financial, Inc. ( Nasdaq : BHF) is one of the largest providers of annuities and life insurance in the U.S., with $219 billion in total assets and approximately 2.6 million insurance policies and annuity contracts in-force (as of March 31, 2018).
When did Brighthouse Financial separate from MetLife?
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. In 2018, MetLife divested its remaining interest through a debt-for-equity exchange ...
What is the date acquired on a 1099-B?
The date acquired is listed on the 1099-B as Distribution Date.
How many shares of MetLife are there on my mother's death date?
Look up the closing price of MetLife on your mother's date of death and multiply that by the 32 shares. That's your basis in the 32 shares of MetLife.
Is $53.37 a capital gain?
This doesn't apply to you. Cost basis and date of acquisition will only come into play when you sell the stock. A capital gains distribution is an amount that you have received on the value of the stock, but the stock is still an asset that has not lost it's basis. So actually you are correct in reporting all of the $53.37 as a capital gain, which will receive a more favorable tax treatment on your return since it is a long-term gain (more than one year held).