Brookfield Wealth Solutions (NYSE:BNT) Trading Down 0.5% – Should You Sell?

Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) dropped 0.5% during mid-day trading on Thursday . The stock 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 equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings upgraded Brookfield Wealth Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. One investment 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 0.5%

The firm has a 50 day moving average of $45.51 and a 200-day moving average of $42.35. The company has a market cap of $16.49 billion, a P/E ratio of 201.71 and a beta of 1.57.

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

Hedge Funds Weigh In On Brookfield Wealth Solutions

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Brookfield Wealth Solutions by 1.5% during the third quarter. Principal Financial Group Inc. now owns 279,946 shares of the company’s stock worth $19,174,000 after purchasing an additional 4,118 shares during the last quarter. Montrusco Bolton Investments Inc. grew its holdings in shares of Brookfield Wealth Solutions by 11.2% in the first quarter. Montrusco Bolton Investments Inc. now owns 168,631 shares of the company’s stock worth $8,811,000 after purchasing an additional 16,990 shares during the last quarter. TD Asset Management Inc increased its stake in Brookfield Wealth Solutions by 183.8% in the 2nd quarter. TD Asset Management Inc now owns 112,106 shares of the company’s stock worth $6,916,000 after buying an additional 72,602 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Brookfield Wealth Solutions by 383.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 96,488 shares of the company’s stock valued at $5,043,000 after buying an additional 76,511 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Brookfield Wealth Solutions by 400.6% during the 2nd quarter. Legal & General Group Plc now owns 62,769 shares of the company’s stock valued at $3,873,000 after buying an additional 50,230 shares in the last quarter. 20.31% of the stock is currently owned by 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.