Brookfield Wealth Solutions (NYSE:BNT) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Brookfield Wealth Solutions (NYSE:BNT) from a hold rating to a sell rating in a report issued 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Brookfield Wealth Solutions Stock Performance

NYSE:BNT opened at $40.58 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.23. Brookfield Wealth Solutions has a 1 year low of $29.13 and a 1 year high of $49.86. The stock’s 50 day simple moving average is $44.70 and its two-hundred day simple moving average is $45.57. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 169.09 and a beta of 1.57.

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

Brookfield Wealth Solutions Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.07 dividend. This is a boost from Brookfield Wealth Solutions’s previous dividend of $0.06. The ex-dividend date is Tuesday, March 17th. Brookfield Wealth Solutions’s dividend payout ratio is 116.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in shares of Brookfield Wealth Solutions by 400.6% during the second 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 during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Brookfield Wealth Solutions by 12.6% during the 2nd quarter. Mackenzie Financial Corp now owns 59,021 shares of the company’s stock worth $3,651,000 after acquiring an additional 6,592 shares during the last quarter. NBC Securities Inc. boosted its holdings in Brookfield Wealth Solutions by 49.9% during the 4th quarter. NBC Securities Inc. now owns 2,543 shares of the company’s stock valued at $117,000 after acquiring an additional 846 shares during the period. TD Waterhouse Canada Inc. grew its position in Brookfield Wealth Solutions by 45.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,281 shares of the company’s stock valued at $144,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. increased its stake in Brookfield Wealth Solutions by 74.8% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 234,974 shares of the company’s stock worth $10,832,000 after purchasing an additional 100,537 shares during the period. Institutional investors own 20.31% of the company’s stock.

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.