Brookfield Wealth Solutions (NYSE:BNT) Rating Lowered to “Sell” at Wall Street Zen

Brookfield Wealth Solutions (NYSE:BNT) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Brookfield Wealth Solutions in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Brookfield Wealth Solutions Trading Down 0.0%

NYSE:BNT opened at $40.58 on Friday. The company has a market capitalization of $14.64 billion, a PE ratio of 169.09 and a beta of 1.57. Brookfield Wealth Solutions has a 52-week low of $29.13 and a 52-week high of $49.86. The stock’s 50 day moving average price is $44.70 and its 200 day moving average price is $45.57. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.27.

Brookfield Wealth Solutions (NYSE:BNT) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $3.05 billion during the quarter. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.14%.

Institutional Trading of Brookfield Wealth Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. Moerus Capital Management LLC lifted its holdings in shares of Brookfield Wealth Solutions by 22.2% in the 4th quarter. Moerus Capital Management LLC now owns 1,187 shares of the company’s stock valued at $55,000 after buying an additional 216 shares during the period. JPMorgan Chase & Co. grew its holdings in Brookfield Wealth Solutions by 1,235.2% during the second quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock worth $75,000 after acquiring an additional 1,124 shares during the period. Wells Fargo & Company MN grew its holdings in Brookfield Wealth Solutions by 45.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,978 shares of the company’s stock worth $91,000 after acquiring an additional 615 shares during the period. NBC Securities Inc. raised its position in Brookfield Wealth Solutions by 49.9% in the fourth quarter. NBC Securities Inc. now owns 2,543 shares of the company’s stock worth $117,000 after acquiring an additional 846 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Brookfield Wealth Solutions by 49.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,658 shares of the company’s stock worth $122,000 after acquiring an additional 885 shares in the last quarter. 20.31% of the stock is 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.