Brookfield Wealth Solutions (NYSE:BNT) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Wall Street Zen upgraded Brookfield Wealth Solutions from “Sell” to “Hold,” while Weiss Ratings maintained a “Hold” rating; MarketBeat reports an average analyst rating of “Hold.”
• BNT shares fell 0.3% to $41.35, near the lower end of their 52-week range of $40.06–$49.86. The company reported quarterly earnings of $0.07 per share, compared with $0.06 in the year-earlier period.
• Several institutional investors increased their positions, and institutional ownership stands at 20.31% of the company’s stock.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) was upgraded by 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 research report on Thursday, August 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Brookfield Wealth Solutions has an average rating of "Hold".

Brookfield Wealth Solutions Stock Down 0.3%

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

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.07 earnings per share 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 last year, the firm posted $0.06 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Brookfield Wealth Solutions by 203.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company's stock valued at $35,000 after acquiring an additional 561 shares during the last quarter. Moerus Capital Management LLC lifted its stake in Brookfield Wealth Solutions by 22.2% during the fourth quarter. Moerus Capital Management LLC now owns 1,187 shares of the company's stock worth $55,000 after purchasing an additional 216 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Brookfield Wealth Solutions by 1,235.2% during the second quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company's stock worth $75,000 after purchasing an additional 1,124 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Brookfield Wealth Solutions by 45.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,978 shares of the company's stock worth $91,000 after purchasing an additional 615 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in Brookfield Wealth Solutions by 49.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,658 shares of the company's stock worth $122,000 after purchasing an additional 885 shares during the period. Institutional investors own 20.31% of the company's stock.

About Brookfield Wealth Solutions

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.

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