Weiss Ratings Reaffirms "Hold (C+)" Rating for Brookfield Wealth Solutions (NYSE:BNT)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Brookfield Wealth Solutions (NYSE:BNT), indicating a neutral investment stance.
• Brookfield Wealth Solutions' stock will undergo a 3-for-2 split on October 10th, designed to increase liquidity for shareholders.
• As of the most recent quarter, the company reported revenue of $3.04 billion and earnings per share of $0.09, with a market capitalization of $16.36 billion.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report)'s stock had its "hold (c+)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Brookfield Wealth Solutions from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Brookfield Wealth Solutions currently has an average rating of "Hold".

Brookfield Wealth Solutions Price Performance

BNT stock traded up $0.42 on Wednesday, reaching $68.05. 10,414 shares of the company were exchanged, compared to its average volume of 14,650. Brookfield Wealth Solutions has a 12 month low of $43.69 and a 12 month high of $74.15. The stock's fifty day moving average price is $67.13 and its 200 day moving average price is $60.80. The firm has a market capitalization of $16.36 billion, a PE ratio of 200.15 and a beta of 1.57.

Shares of Brookfield Wealth Solutions are set 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 closing bell on Thursday, October 9th.

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

Institutional Trading of Brookfield Wealth Solutions

Several hedge funds have recently bought and sold shares of BNT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Brookfield Wealth Solutions by 56.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,675 shares of the company's stock worth $785,000 after buying an additional 4,953 shares during the period. NBC Securities Inc. raised its holdings in Brookfield Wealth Solutions by 172,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,727 shares of the company's stock worth $90,000 after buying an additional 1,726 shares during the period. Montrusco Bolton Investments Inc. grew its stake 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 acquiring an additional 16,990 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Brookfield Wealth Solutions by 1.8% during the 1st quarter. TD Asset Management Inc now owns 39,504 shares of the company's stock worth $2,064,000 after acquiring an additional 688 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brookfield Wealth Solutions by 62.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,344 shares of the company's stock worth $331,000 after acquiring an additional 2,450 shares in 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.

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