Brookfield Wealth Solutions Ltd. (NYSE:BNT) Short Interest Down 54.8% in July

Brookfield Wealth Solutions Ltd. (NYSE:BNT) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 121,071 shares, a drop of 54.8% from the July 15th total of 267,875 shares. Based on an average daily trading volume, of 25,403 shares, the days-to-cover ratio is presently 4.8 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Brookfield Wealth Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Hedge Funds Weigh In On Brookfield Wealth Solutions

Large investors have recently bought and sold shares of the stock. Partners Value Investments L.P. grew its position in Brookfield Wealth Solutions by 50.0% in the 4th quarter. Partners Value Investments L.P. now owns 12,320,344 shares of the company’s stock worth $566,120,000 after purchasing an additional 4,106,781 shares during the last quarter. BROOKFIELD Corp ON raised its position in shares of Brookfield Wealth Solutions by 50.0% during the fourth quarter. BROOKFIELD Corp ON now owns 1,355,764 shares of the company’s stock valued at $62,297,000 after buying an additional 451,921 shares during the last quarter. Royal Bank of Canada raised its position in shares of Brookfield Wealth Solutions by 50.3% during the fourth quarter. Royal Bank of Canada now owns 879,629 shares of the company’s stock valued at $40,418,000 after buying an additional 294,247 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Brookfield Wealth Solutions by 50.0% in the fourth quarter. Bank of Nova Scotia now owns 750,004 shares of the company’s stock valued at $34,528,000 after buying an additional 250,001 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Brookfield Wealth Solutions by 1,507.2% in the third quarter. Vanguard Group Inc. now owns 265,706 shares of the company’s stock valued at $18,216,000 after buying an additional 249,174 shares during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Wealth Solutions Stock Performance

NYSE:BNT traded down $1.13 during mid-day trading on Friday, hitting $43.90. 4,611 shares of the company’s stock traded hands, compared to its average volume of 20,682. The firm has a 50 day moving average of $43.87 and a two-hundred day moving average of $44.40. Brookfield Wealth Solutions has a 12 month low of $40.06 and a 12 month high of $49.86. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 168.85 and a beta of 1.49. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.29.

Brookfield Wealth Solutions (NYSE:BNT) last issued its quarterly earnings results 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 period in the prior year, the company posted $0.06 EPS.

Brookfield Wealth Solutions Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be paid a $0.07 dividend. The ex-dividend date is Monday, September 14th. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is presently 107.69%.

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.