Brookfield Wealth Solutions (NYSE:BNT) Sets New 12-Month Low – Here’s Why

Brookfield Wealth Solutions Ltd. (NYSE:BNT) shares hit a new 52-week low on Tuesday . The stock traded as low as $39.49 and last traded at $39.4350, with a volume of 15373 shares traded. The stock had previously closed at $40.24.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings downgraded shares of Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Wall Street Zen upgraded shares of Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Brookfield Wealth Solutions Stock Down 1.9%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.16 and a current ratio of 0.16. The business’s 50 day moving average price is $42.78 and its 200 day moving average price is $43.67. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 146.37 and a beta of 1.46.

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

Brookfield Wealth Solutions Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, September 14th. Brookfield Wealth Solutions’s dividend payout ratio is currently 107.69%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

A number of hedge funds have recently made changes to their positions in the stock. Partners Value Investments L.P. increased its stake 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 valued at $566,120,000 after buying an additional 4,106,781 shares during the period. BROOKFIELD Corp ON lifted its position in shares of Brookfield Wealth Solutions by 50.0% during the 4th quarter. BROOKFIELD Corp ON now owns 1,355,764 shares of the company’s stock valued at $62,297,000 after acquiring an additional 451,921 shares during the period. Royal Bank of Canada raised its holdings in Brookfield Wealth Solutions by 50.3% during the fourth quarter. Royal Bank of Canada now owns 879,629 shares of the company’s stock worth $40,418,000 after purchasing an additional 294,247 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of Brookfield Wealth Solutions by 50.0% in the 4th quarter. Bank of Nova Scotia now owns 750,004 shares of the company’s stock worth $34,528,000 after buying an additional 250,001 shares in the last quarter. Finally, Vanguard Group Inc. grew its position 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 purchasing an additional 249,174 shares during the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Brookfield Wealth Solutions Company Profile

Brookfield Wealth Solutions Ltd. (NYSE: BNT) is a financial services company that provides wealth, retirement and insurance solutions for individuals, institutions and other organizations. The company operates within Brookfield’s broader global asset management ecosystem and focuses on helping clients manage long-term savings and financial security needs.

Its principal activities include providing retirement income products, life insurance and annuity solutions, as well as institutional retirement services such as pension risk-transfer arrangements.