Brookfield Wealth Solutions (NYSE:BNT) Raised to “Hold” at Wall Street Zen

Brookfield Wealth Solutions (NYSE:BNT) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield Wealth Solutions in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Brookfield Wealth Solutions Stock Performance

BNT stock traded down $0.14 during midday trading on Friday, reaching $41.35. The company had a trading volume of 15,592 shares, compared to its average volume of 12,121. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $43.27 and a 200 day moving average price of $44.11. Brookfield Wealth Solutions has a fifty-two week low of $40.06 and a fifty-two week high of $49.86. The firm has a market capitalization of $13.98 billion, a PE ratio of 159.04 and a beta of 1.49.

Brookfield Wealth Solutions (NYSE:BNT) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.07 EPS for the quarter. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.15%.During the same quarter in the prior year, the company posted $0.06 earnings per share.

Institutional Investors Weigh In On Brookfield Wealth Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its position in shares of Brookfield Wealth Solutions by 203.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company’s stock valued at $35,000 after purchasing an additional 561 shares in the last quarter. Moerus Capital Management LLC raised its holdings in shares of Brookfield Wealth Solutions by 22.2% in the 4th quarter. Moerus Capital Management LLC now owns 1,187 shares of the company’s stock worth $55,000 after purchasing an additional 216 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Brookfield Wealth Solutions by 1,235.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock worth $75,000 after purchasing an additional 1,124 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Brookfield Wealth Solutions by 45.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,978 shares of the company’s stock valued at $91,000 after purchasing an additional 615 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in Brookfield Wealth Solutions by 49.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,658 shares of the company’s stock valued at $122,000 after purchasing an additional 885 shares during the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

Brookfield Wealth Solutions Company Profile

Brookfield Wealth Solutions is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance.The company was incorporated in 2020 and is headquartered in Pembroke, Bermuda.