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

Brookfield Wealth Solutions (NYSE:BNT) announced its quarterly earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, Zacks reports. Brookfield Wealth Solutions had a net margin of 0.11% and a return on equity of 0.11%. The business had revenue of $3.05 billion for the quarter.

Brookfield Wealth Solutions Trading Up 1.8%

Shares of BNT opened at $47.61 on Friday. Brookfield Wealth Solutions has a 1-year low of $29.13 and a 1-year high of $49.86. The firm’s 50-day moving average price is $46.68 and its 200-day moving average price is $45.62. The firm has a market capitalization of $17.17 billion, a price-to-earnings ratio of 204.06 and a beta of 1.57.

Brookfield Wealth Solutions Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Brookfield Wealth Solutions’s previous dividend of $0.06. Brookfield Wealth Solutions’s dividend payout ratio is 104.35%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Brookfield Wealth Solutions in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Brookfield Wealth Solutions by 1,507.2% during 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 in the last quarter. Norges Bank purchased a new position in Brookfield Wealth Solutions during the fourth quarter valued at $9,746,000. CI Investments Inc. lifted its position in Brookfield Wealth Solutions by 45.8% during the fourth quarter. CI Investments Inc. now owns 140,404 shares of the company’s stock valued at $6,452,000 after buying an additional 44,134 shares during the period. Legal & General Group Plc boosted its holdings in shares of Brookfield Wealth Solutions by 19.7% during the 3rd quarter. Legal & General Group Plc now owns 75,137 shares of the company’s stock valued at $5,152,000 after buying an additional 12,368 shares in the last quarter. Finally, TD Asset Management Inc grew its position in shares of Brookfield Wealth Solutions by 5.7% in the 4th quarter. TD Asset Management Inc now owns 73,276 shares of the company’s stock worth $3,378,000 after buying an additional 3,946 shares during the period. 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.