Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Vonda Huss, Executive Vice President and Chief Human Resources Officer at Brighthouse Financial , Inc. (NASDAQ:BHF), a $3.3 billion market cap insurance company that InvestingPro analysis suggests is currently undervalued, recently sold 3,000 shares of the company’s common stock. The transaction, executed on March 3, 2025, was carried out at an average price of $59.33 per share, totaling approximately $177,990. Following this sale, Huss retains ownership of 21,441 shares in the company. The sale was part of a pre-established Rule 10b5-1 trading plan, which Huss adopted on March 2, 2024. While this insider sale occurred, InvestingPro data shows management has been actively buying back shares, with the company maintaining strong profitability and analysts expecting net income growth this year. For deeper insights into BHF’s valuation and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Brighthouse Financial reported fourth-quarter earnings that exceeded analyst expectations. The company posted adjusted earnings of $5.88 per share, surpassing the consensus estimate of $4.50. This marks a significant increase from the $2.92 per share reported in the same quarter last year. Revenue for the quarter was $1.2 billion, though this figure may not be directly comparable to the analyst estimates of $2.2 billion. Brighthouse Financial also reported a net income of $646 million, or $10.79 per diluted share, in contrast to a net loss of $942 million, or $14.70 per diluted share, in the fourth quarter of 2023. Annuity sales declined by 18% year-over-year to $2.24 billion, mainly due to reduced sales of fixed deferred annuities, though record sales of Shield Level Annuities provided some offset. The company completed a reinsurance transaction for a legacy block of universal life and variable universal life products as part of its strategic initiatives. Additionally, Brighthouse Financial repurchased $60 million of its common stock in the fourth quarter, totaling $250 million for the year, reducing shares outstanding by approximately 8% compared to the previous year-end.
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