Brookfield Wealth Solutions (NYSE:BNT) Stock Rating Upgraded by 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 equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Brookfield Wealth Solutions Price Performance

Shares of Brookfield Wealth Solutions stock traded up $0.58 on Friday, hitting $66.20. The company's stock had a trading volume of 4,217 shares, compared to its average volume of 13,954. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.21 and a current ratio of 1.94. Brookfield Wealth Solutions has a 1 year low of $43.69 and a 1 year high of $68.87. The firm has a fifty day moving average price of $63.12 and a 200-day moving average price of $57.86. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 194.71 and a beta of 1.58.

Brookfield Wealth Solutions's stock is going to split on the morning of Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, October 9th.

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

Institutional Investors Weigh In On Brookfield Wealth Solutions

Several institutional investors have recently bought and sold shares of the company. BROOKFIELD Corp ON boosted its holdings in shares of Brookfield Wealth Solutions by 165.2% during the 4th quarter. BROOKFIELD Corp ON now owns 1,240,349 shares of the company's stock worth $71,246,000 after purchasing an additional 772,648 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Brookfield Wealth Solutions by 49.3% during the 4th quarter. Mackenzie Financial Corp now owns 50,264 shares of the company's stock worth $2,888,000 after purchasing an additional 16,599 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Brookfield Wealth Solutions by 84.9% during the 4th quarter. Legal & General Group Plc now owns 12,539 shares of the company's stock worth $721,000 after purchasing an additional 5,757 shares during the last quarter. Barclays PLC boosted its holdings in shares of Brookfield Wealth Solutions by 54.3% during the 4th quarter. Barclays PLC now owns 4,111 shares of the company's stock worth $236,000 after purchasing an additional 1,447 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its holdings in shares of Brookfield Wealth Solutions by 11.2% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 168,631 shares of the company's stock worth $8,811,000 after purchasing an additional 16,990 shares during the last quarter. 20.31% of the stock is currently 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.