Brighthouse Financial sells life insurance, but that’s not the big story driving the stock right now.
Brighthouse Financial (BHF +0.06%) is a relatively young company, but it has a rich history. That’s because it’s basically the former consumer life insurance arm of MetLife (MET +0.88%), from which it was spun off in 2017. However, the history here is about to include another twist, as the company has agreed to be bought for $70 per share in cash.
Today’s Change
(0.06%) $0.04
Current Price
$63.95
Key Data Points
Market Cap
$3.7B
Day’s Range
$63.85 – $64.00
52wk Range
$42.07 – $66.33
Volume
7.9K
Avg Vol
786K
The basic life insurance model
Life insurance is interesting because a company like Brighthouse Financial collects premiums upfront and pays out on policies in the future. That means it has the cash to invest in the meantime. This cash is often called the float. If the company is investing well…
