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

Key Points

• Brookfield Wealth Solutions (NYSE:BNT) was upgraded from a "sell" to a "hold" rating by Wall Street Zen in a recent report.
• The company's stock is scheduled for a 3-2 split on October 10th, which follows a strong performance in trading, with the price recently around $64.78.
• Institutional investors have shown significant interest, with several increasing their holdings notably, including BROOKFIELD Corp ON which raised its stake by 165.2% in the last quarter.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Brookfield Wealth Solutions Trading Down 0.4%

NYSE BNT traded down $0.28 on Friday, hitting $64.44. 10,440 shares of the stock were exchanged, compared to its average volume of 14,039. Brookfield Wealth Solutions has a 52-week low of $43.69 and a 52-week high of $68.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.94 and a quick ratio of 0.21. The company has a market capitalization of $15.49 billion, a price-to-earnings ratio of 189.53 and a beta of 1.58. The company's 50-day moving average price is $62.84 and its two-hundred day moving average price is $57.78.

Shares of Brookfield Wealth Solutions are scheduled to split on Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly minted shares will be payable to shareholders after the market closes on Thursday, October 9th.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $3.04 billion during the quarter. Brookfield Wealth Solutions had a net margin of 0.11% and a return on equity of 0.12%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

Large investors have recently bought and sold shares of the business. Northwest & Ethical Investments L.P. bought a new stake in Brookfield Wealth Solutions in the first quarter worth $77,000. NBC Securities Inc. boosted its holdings in Brookfield Wealth Solutions by 172,600.0% in the first quarter. NBC Securities Inc. now owns 1,727 shares of the company's stock worth $90,000 after purchasing an additional 1,726 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Brookfield Wealth Solutions in the second quarter worth $207,000. Tower Research Capital LLC TRC boosted its holdings in Brookfield Wealth Solutions by 152.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,630 shares of the company's stock worth $209,000 after purchasing an additional 2,190 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Brookfield Wealth Solutions by 54.3% in the fourth quarter. Barclays PLC now owns 4,111 shares of the company's stock worth $236,000 after purchasing an additional 1,447 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors.

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.