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MET - Assessing Brighthouse Financial At 0.3x Book Value
MetLife Inc.
I bought stock in annuity provider and life insurance firm Brighthouse Financial (BHF) in March 2018 for my IMF portfolio. It's not been one of my better picks; shares are down 20% since then while the market has gone up significantly. At the time of my purchase, Brighthouse stock seemed cheap. With the price down even more since then, is it time to back up the truck, or did I miss the mark on my initial analysis?