Brookfield Wealth Solutions (NYSE:BNT) Trading Down 0.5% – Time to Sell?

Brookfield Wealth Solutions Ltd. (NYSE:BNT)’s share price dropped 0.5% during trading on Thursday . The company traded as low as $44.91 and last traded at $45.72. Approximately 22,554 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 23,215 shares. The stock had previously closed at $45.96.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BNT shares. Weiss Ratings raised Brookfield Wealth Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Brookfield Wealth Solutions Stock Performance

The stock has a market cap of $16.47 billion, a PE ratio of 201.52 and a beta of 1.57. The company’s 50-day moving average price is $45.54 and its two-hundred day moving average price is $42.51.

Brookfield Wealth Solutions (NYSE:BNT) last announced its earnings results on Thursday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter. Brookfield Wealth Solutions had a net margin of 0.11% and a return on equity of 0.12%. The company had revenue of $3.04 billion during the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of Brookfield Wealth Solutions by 1,235.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock valued at $75,000 after purchasing an additional 1,124 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new position in Brookfield Wealth Solutions in the 1st quarter worth approximately $77,000. Pettinga Financial Advisors LLC purchased a new stake in shares of Brookfield Wealth Solutions during the third quarter valued at approximately $205,000. Arkadios Wealth Advisors purchased a new position in shares of Brookfield Wealth Solutions in the second quarter worth $207,000. Finally, CIBC Asset Management Inc bought a new stake in Brookfield Wealth Solutions during the 3rd quarter valued at $216,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

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.