Brookfield Wealth Solutions (NYSE:BNT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Brookfield Wealth Solutions (NYSE:BNT) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield Wealth Solutions in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Brookfield Wealth Solutions Price Performance

Shares of BNT opened at $41.26 on Friday. The company has a 50 day moving average of $43.22 and a two-hundred day moving average of $44.05. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.39. Brookfield Wealth Solutions has a twelve month low of $40.06 and a twelve month high of $49.86. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 158.70 and a beta of 1.49.

Brookfield Wealth Solutions (NYSE:BNT) last issued its quarterly earnings data 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 quarter last year, the firm posted $0.06 earnings per share.

Brookfield Wealth Solutions Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, September 14th. Brookfield Wealth Solutions’s payout ratio is 107.69%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

A number of institutional investors have recently bought and sold shares of BNT. EverSource Wealth Advisors LLC raised its position in Brookfield Wealth Solutions by 203.3% during the first quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company’s stock valued at $35,000 after acquiring an additional 561 shares in the last quarter. Moerus Capital Management LLC lifted its stake in 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Brookfield Wealth Solutions by 1,235.2% in 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 last quarter. Wells Fargo & Company MN grew its holdings in shares of 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 buying an additional 615 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Brookfield Wealth Solutions by 49.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,658 shares of the company’s stock valued at $122,000 after acquiring an additional 885 shares during the last quarter. 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.