Brookfield Wealth Solutions (NYSE:BNT) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Brookfield Wealth Solutions shares moved above their 200-day moving average, trading as high as $43.31 versus the average of $42.76 and last at $42.97.
• Analyst sentiment remains neutral: MarketBeat reports a consensus Hold rating, with one analyst rating the stock Hold; Wall Street Zen upgraded it from Sell to Hold, while Weiss Ratings slightly downgraded its Hold assessment.
• The company reported quarterly EPS of $0.07, up from $0.06 a year earlier, and paid a $0.07 dividend. Its dividend payout ratio was 107.69%.

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $42.76 and traded as high as $43.31. Brookfield Wealth Solutions shares last traded at $42.9730, with a volume of 17,640 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on BNT shares. Wall Street Zen upgraded shares of Brookfield Wealth Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, August 29th. Weiss Ratings lowered shares of Brookfield Wealth Solutions from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has a consensus rating of "Hold".

Brookfield Wealth Solutions Stock Performance

The firm has a market capitalization of $14.53 billion, a P/E ratio of 165.29 and a beta of 1.45. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $38.23 and a 200-day moving average of $42.76.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last released its quarterly earnings results 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 period last year, the firm posted $0.06 EPS.

Brookfield Wealth Solutions Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 14th were issued a $0.07 dividend. The ex-dividend date was Monday, September 14th. Brookfield Wealth Solutions's dividend payout ratio is presently 107.69%.

Institutional Trading of Brookfield Wealth Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of Brookfield Wealth Solutions by 98.6% during the third quarter. Allworth Financial LP now owns 862 shares of the company's stock worth $31,000 after purchasing an additional 428 shares during the period. EverSource Wealth Advisors LLC lifted 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 worth $35,000 after purchasing an additional 561 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in Brookfield Wealth Solutions by 30.1% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,691 shares of the company's stock valued at $97,000 after purchasing an additional 622 shares during the period. Waverly Advisors LLC acquired a new stake in Brookfield Wealth Solutions in the 2nd quarter valued at $202,000. Finally, Renaissance Technologies LLC increased its stake in Brookfield Wealth Solutions by 102.4% during the 1st quarter. Renaissance Technologies LLC now owns 12,649 shares of the company's stock valued at $524,000 after purchasing an additional 6,400 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.

About Brookfield Wealth Solutions

Brookfield Wealth Solutions Ltd. provides insurance and retirement services, including annuities, life insurance and solutions that help organizations manage long-term pension obligations. Its business focuses on protecting policyholders and supporting retirement income needs.

The company operates primarily in North America and serves individuals, businesses and institutional clients. Its offerings include retirement savings and income products distributed through financial professionals and other channels.

Brookfield Wealth Solutions was formerly known as Brookfield Reinsurance Ltd.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.