Brookfield Wealth Solutions (NYSE:BNT) Shares Break Above 200 Day Moving Average – Here’s What Happened

Brookfield Wealth Solutions Ltd. (NYSE:BNT) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $42.76 and traded as high as $43.31. Brookfield Wealth Solutions shares last traded at $42.9730, with a volume of 17,640 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently commented on BNT. Wall Street Zen raised Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings cut shares of Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Brookfield Wealth Solutions Stock Performance

The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $14.21 billion, a PE ratio of 161.66 and a beta of 1.45. The firm’s fifty day moving average price is $38.30 and its 200 day moving average price is $42.71.

Brookfield Wealth Solutions (NYSE:BNT) last issued its earnings results on Thursday, August 13th. The company reported $0.07 earnings per share for the quarter. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.15%. During the same period last year, the company posted $0.06 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BNT. EverSource Wealth Advisors LLC lifted its position in Brookfield Wealth Solutions by 203.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company’s stock worth $35,000 after acquiring an additional 561 shares during the last quarter. Allworth Financial LP grew its holdings in Brookfield Wealth Solutions by 98.6% in the 3rd quarter. Allworth Financial LP now owns 862 shares of the company’s stock valued at $31,000 after buying an additional 428 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in Brookfield Wealth Solutions by 30.1% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,691 shares of the company’s stock valued at $97,000 after buying an additional 622 shares during the last quarter. Waverly Advisors LLC acquired a new stake in Brookfield Wealth Solutions in the 2nd quarter valued at approximately $202,000. Finally, Public Employees Retirement System of Ohio bought a new position in Brookfield Wealth Solutions in the 2nd quarter worth approximately $362,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

About Brookfield Wealth Solutions

Brookfield Wealth Solutions Ltd. provides insurance and retirement services, including annuities, life insurance and solutions that help organizations manage long-term pension obligations. Its business focuses on protecting policyholders and supporting retirement income needs. The company operates primarily in North America and serves individuals, businesses and institutional clients. Its offerings include retirement savings and income products distributed through financial professionals and other channels.