Brookfield Wealth Solutions (NYSE:BNT) Trading Up 2.8% – Time to Buy?

Brookfield Wealth Solutions Ltd. (NYSE:BNT) shares rose 2.8% on Thursday . The company traded as high as $45.06 and last traded at $44.9650. Approximately 26,806 shares changed hands during mid-day trading, an increase of 37% from the average daily volume of 19,511 shares. The stock had previously closed at $43.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Brookfield Wealth Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Wall Street Zen lowered Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Brookfield Wealth Solutions has a consensus rating of “Hold”.

Brookfield Wealth Solutions Price Performance

The business has a 50-day simple moving average of $44.71 and a 200 day simple moving average of $45.28. The firm has a market cap of $15.10 billion, a P/E ratio of 178.65 and a beta of 1.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.21 and a current ratio of 0.21.

Brookfield Wealth Solutions (NYSE:BNT) last released its quarterly earnings results on Thursday, May 14th. 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 0.16%.The business had revenue of $1.66 billion during the quarter.

Brookfield Wealth Solutions Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.07 dividend. The ex-dividend date is Monday, June 15th. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is presently 112.00%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

Several institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Brookfield Wealth Solutions by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 48,371 shares of the company’s stock worth $2,524,000 after purchasing an additional 3,283 shares in the last quarter. JPMorgan Chase & Co. grew its position in Brookfield Wealth Solutions by 1,235.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock worth $75,000 after purchasing an additional 1,124 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Brookfield Wealth Solutions by 8.8% in the second quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company’s stock worth $294,000 after buying an additional 388 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Brookfield Wealth Solutions by 1.5% during the third quarter. Principal Financial Group Inc. now owns 279,946 shares of the company’s stock valued at $19,174,000 after buying an additional 4,118 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in Brookfield Wealth Solutions during the third quarter valued at approximately $224,000. 20.31% of the stock is currently owned by institutional investors.

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.