Brookfield Wealth Solutions (NYSE:BNT) Sees Strong Trading Volume – Here’s What Happened

Brookfield Wealth Solutions Ltd. (NYSE:BNT) saw unusually-high trading volume on Thursday . Approximately 63,913 shares changed hands during trading, an increase of 190% from the previous session’s volume of 22,076 shares.The stock last traded at $43.2390 and had previously closed at $46.92.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings lowered Brookfield Wealth Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Wall Street Zen raised shares of Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Brookfield Wealth Solutions currently has an average rating of “Hold”.

Brookfield Wealth Solutions Stock Down 7.0%

The business’s 50-day simple moving average is $45.69 and its two-hundred day simple moving average is $42.75. The firm has a market capitalization of $15.74 billion, a price-to-earnings ratio of 192.58 and a beta of 1.57.

Brookfield Wealth Solutions (NYSE:BNT) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.06 earnings per share for the quarter. Brookfield Wealth Solutions had a return on equity of 0.12% and a net margin of 0.11%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

Several large investors have recently bought and sold shares of the stock. Montrusco Bolton Investments Inc. boosted its stake in shares of Brookfield Wealth Solutions by 11.2% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 168,631 shares of the company’s stock valued at $8,811,000 after buying an additional 16,990 shares during the period. TD Asset Management Inc raised its holdings in Brookfield Wealth Solutions by 1.8% in the first quarter. TD Asset Management Inc now owns 39,504 shares of the company’s stock valued at $2,064,000 after acquiring an additional 688 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Brookfield Wealth Solutions by 62.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,344 shares of the company’s stock valued at $331,000 after acquiring an additional 2,450 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Brookfield Wealth Solutions by 4.3% during the 1st quarter. Mackenzie Financial Corp now owns 52,429 shares of the company’s stock worth $2,740,000 after purchasing an additional 2,165 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Brookfield Wealth Solutions during the 1st quarter worth about $77,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

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.