BHF Brighthouse Financial Inc

The average one-year price target for Brighthouse Financial, Inc. Preferred Stock (BHFAN) has been increased by 12.86% to $13.52 per share, up from $11.98. This new target represents a 3.37% increase from the last closing price. Institutional holdings in BHFAN have slightly decreased overall, with some prominent ETFs adjusting their positions.

Keefe, Bruyette & Woods has maintained its Market Perform recommendation for Brighthouse Financial, Inc. - Preferred Stock (BHFAO). Analysts project a 13.74% upside with an average one-year price target of $19.79/share as of October 30, 2025. Institutional ownership data shows a decrease in total shares held by institutions, though the number of funds reporting positions in BHFAO increased.

Greenlight Capital, a holder of approximately 4.9% of Brighthouse Financial's common stock, has sent a letter to the company's Board of Directors. The letter encourages the Board to engage with a reported suitor, Aquarian Holdings, on an offer of around $70 per share. Greenlight believes a sale at this price is in the best interests of shareholders, citing Brighthouse's historical underperformance as a public company.

Brighthouse Financial, Inc. (NASDAQ:BHF) is predominantly controlled by institutional shareholders who own 82% of the company. This significant institutional ownership means their trading decisions heavily influence the stock's performance. The top 8 shareholders account for more than half of the share register, with Dodge & Cox being the largest with 11%.

Brighthouse Financial, Inc. has completed a reinsurance transaction for a legacy block of fixed and payout annuities with a third party. This move is part of the company's strategic initiatives to enhance capital efficiency, free up capital, and achieve its target combined risk-based capital (RBC) ratio range. As a result, Brighthouse Financial's estimated combined RBC ratio increased to between 400% and 420% as of Q3 2024, falling within its target range.

Brighthouse Financial has completed a reinsurance transaction for a legacy block of fixed and payout annuities, which is expected to boost its estimated combined RBC ratio to between 400% and 420%. This deal aligns with the company's strategic goals of enhancing capital efficiency and achieving its target RBC ratio. Separately, Brighthouse's life insurance arm is involved in a lawsuit against a California nut grower for alleged breach of contract regarding $48.6 million in defaulted loans.