Myles Lambert, the Executive Vice President, Chief Marketing and Distribution Officer of Brighthouse Financial Inc (NASDAQ:BHF), sold 8,400 shares of the company on September 3, 2024. The transaction was filed on SEC Filing. Following this transaction, the insider now owns 41,807 shares of the company.
Brighthouse Financial Inc specializes in providing life insurance and annuity products designed to help clients protect what they have earned and ensure it lasts. The company operates primarily in the United States.
Over the past year, Myles Lambert has sold a total of 26,800 shares of Brighthouse Financial Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 16 insider sells and only 1 insider buy over the past year.
On the day of the sale, shares of Brighthouse Financial Inc were trading at $45.15. The company has a market cap of approximately $2.76 billion.
According to the GF Value, the intrinsic value of the stock is estimated at $80.09, suggesting that the stock is significantly undervalued with a price-to-GF-Value ratio of 0.56. The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and expected future business outcomes.
This insider sale might draw the attention of investors, especially considering the stock’s current valuation and the ongoing trends of insider transactions at Brighthouse Financial Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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