Brookfield Wealth Solutions (NYSE:BNT) Releases Quarterly Earnings Results

Brookfield Wealth Solutions (NYSE:BNT) released its quarterly earnings data on Thursday. The company reported $0.07 earnings per share for the quarter, Zacks reports. Brookfield Wealth Solutions had a net margin of 0.14% and a return on equity of 0.10%.

Brookfield Wealth Solutions Stock Performance

NYSE BNT traded up $2.38 during trading on Thursday, reaching $47.53. The company’s stock had a trading volume of 26,356 shares, compared to its average volume of 24,171. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 198.05 and a beta of 1.51. Brookfield Wealth Solutions has a 12 month low of $37.71 and a 12 month high of $49.86. The firm has a 50 day moving average price of $43.64 and a 200 day moving average price of $45.34.

Brookfield Wealth Solutions Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 15th. Brookfield Wealth Solutions’s payout ratio is currently 116.67%.

Institutional Trading of Brookfield Wealth Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Moerus Capital Management LLC lifted its holdings in shares of Brookfield Wealth Solutions by 22.2% during the 4th quarter. Moerus Capital Management LLC now owns 1,187 shares of the company’s stock worth $55,000 after acquiring an additional 216 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Brookfield Wealth Solutions by 8.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company’s stock worth $294,000 after acquiring an additional 388 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Brookfield Wealth Solutions by 45.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,978 shares of the company’s stock worth $91,000 after acquiring an additional 615 shares during the period. Swiss National Bank lifted its holdings in shares of Brookfield Wealth Solutions by 2.1% during the 3rd quarter. Swiss National Bank now owns 38,300 shares of the company’s stock worth $2,627,000 after acquiring an additional 800 shares during the period. Finally, UBS Group AG lifted its stake in Brookfield Wealth Solutions by 1.6% in the 3rd quarter. UBS Group AG now owns 53,953 shares of the company’s stock valued at $3,695,000 after purchasing an additional 868 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BNT. Weiss Ratings lowered shares of Brookfield Wealth Solutions from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, April 10th. Wall Street Zen lowered shares of Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

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.