Brookfield Wealth Solutions (NYSE:BNT) Issues Earnings Results

Brookfield Wealth Solutions (NYSE:BNT) released its earnings results on Thursday. The company reported $0.07 earnings per share (EPS) 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 Up 5.3%

NYSE BNT traded up $2.38 during trading hours on Thursday, reaching $47.53. 26,356 shares of the company’s stock were exchanged, compared to its average volume of 24,171. The company’s 50-day moving average is $43.64 and its two-hundred day moving average is $45.34. Brookfield Wealth Solutions has a one year low of $37.71 and a one year high of $49.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.22 and a current ratio of 0.22. The company 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 Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings cut Brookfield Wealth Solutions from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Trading of Brookfield Wealth Solutions

A number of large investors have recently bought and sold shares of the business. Moerus Capital Management LLC increased its stake in 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 purchasing an additional 216 shares in the last quarter. Russell Investments Group Ltd. increased its stake in 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 purchasing an additional 388 shares in the last quarter. Wells Fargo & Company MN increased its stake in 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 purchasing an additional 615 shares in the last quarter. Swiss National Bank increased its stake in 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 purchasing an additional 800 shares in the last quarter. Finally, UBS Group AG increased its stake in Brookfield Wealth Solutions by 1.6% during the 3rd quarter. UBS Group AG now owns 53,953 shares of the company’s stock worth $3,695,000 after purchasing an additional 868 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

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.