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

Brookfield Wealth Solutions (NYSE:BNT) announced its quarterly earnings data on Thursday. The company reported $0.07 earnings per share for the quarter, Zacks reports. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.16%.During the same quarter last year, the business earned $0.06 earnings per share.

Brookfield Wealth Solutions Stock Performance

BNT stock traded up $0.17 during midday trading on Thursday, reaching $45.01. 11,606 shares of the company’s stock traded hands, compared to its average volume of 25,684. The firm has a market capitalization of $15.21 billion, a PE ratio of 180.22 and a beta of 1.49. The company has a 50-day moving average price of $43.88 and a two-hundred day moving average price of $44.42. Brookfield Wealth Solutions has a 52 week low of $40.06 and a 52 week high of $49.86. 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 Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, June 15th. Brookfield Wealth Solutions’s payout ratio is presently 112.00%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Brookfield Wealth Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Hedge Funds Weigh In On Brookfield Wealth Solutions

Several hedge funds have recently made changes to their positions in BNT. Moerus Capital Management LLC raised its position in shares of Brookfield Wealth Solutions by 22.2% in the fourth quarter. Moerus Capital Management LLC now owns 1,187 shares of the company’s stock worth $55,000 after buying an additional 216 shares in the last quarter. Russell Investments Group Ltd. grew its position in Brookfield Wealth Solutions by 8.8% during 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 in the last quarter. Wells Fargo & Company MN grew its position in Brookfield Wealth Solutions by 45.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,978 shares of the company’s stock worth $91,000 after buying an additional 615 shares in the last quarter. Swiss National Bank increased its stake in Brookfield Wealth Solutions by 2.1% in 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 last quarter. Finally, UBS Group AG increased 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 worth $3,695,000 after acquiring an additional 868 shares during the last quarter. 20.31% of the stock is currently owned by hedge funds and other 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.