AM Best Assigns Issue Credit Rating to Brighthouse Financial, Inc.’s New Preferred Stock
Brighthouse Financial, Inc. (BHF)
Last brighthouse financial, inc. earnings: 2/10 04:16 pm
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US:NASDAQ Investor Relations:
investor.brighthousefinancial.com/investor-relations
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Source: Business Wire
OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb-” to the $425 million 6.6% non-cumulative preferred stock, Series A recently issued by Brighthouse Financial, Inc. (Brighthouse) (headquartered in Charlotte, NC) [NASDAQ: BHF]. The outlook assigned to this Credit Rating (rating) is stable. Brighthouse’s adjusted financial leverage is just below its target level of 25% and well within AM Best guidelines for its current rating. Following the preferred stock issuance, financial leverage will remain within guidelines for the assigned rating. While operating results have been somewhat volatile in recent periods due to establishment costs, and some fluctuations in expenses associated with its spin-off from MetLife, Inc., AM Best expects interest coverage to remain in the mid-single digits over the near-term. Brighthouse intends to contribute the net pro
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BHF
News
- Should You Hold Brighthouse Financial (BHF) in Your Portfolio? [Yahoo! Finance]Yahoo! Finance
- Why Is Brighthouse Financial (BHF) Up 1.2% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Brighthouse Financial Inc CEO Eric Steigerwalt Sells 25,000 Shares [Yahoo! Finance]Yahoo! Finance
- Brighthouse Financial, Inc. (NASDAQ: BHF) was downgraded by analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating. They now have a $52.00 price target on the stock.MarketBeat
- Brighthouse Financial, Inc. (NASDAQ: BHF) had its price target lowered by analysts at Wells Fargo & Company from $51.00 to $49.00. They now have an "equal weight" rating on the stock.MarketBeat
BHF
Earnings
- 2/12/24 - Miss
BHF
Sec Filings
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- BHF's page on the SEC website