BUZZ-Brighthouse Financial hits 7-yr high after report insurer looking to sell itself
ReutersJan 28, 2025 3:07 PM
Shares of life insurer Brighthouse Financial BHF.O jump as much as 24.2%, hitting their highest in seven years
Stock last up 20.7% at $61.87 in early trading
BHF is looking to sell itself with private capital managers expected to bid for the firm, the Financial Times reports, citing people familiar with the matter
Co was carved-out of life insurer MetLife MET.N in 2017
BHF preference is to find an outright buyer rather than sell a minority equity stake, the report adds
Co has a market capitalization of $3 bln as of last close - LSEG data
BHF stock slipped 9.2% in 2024
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