Brookfield Wealth Solutions (NYSE:BNT) Releases Earnings Results

Brookfield Wealth Solutions (NYSE:BNT) issued 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 0.15% and a return on equity of 0.10%. During the same quarter last year, the firm earned $0.06 EPS.

Brookfield Wealth Solutions Stock Performance

Shares of NYSE BNT traded down $1.13 during mid-day trading on Friday, reaching $43.90. 4,611 shares of the company’s stock were exchanged, compared to its average volume of 20,682. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 168.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.21 and a quick ratio of 0.21. Brookfield Wealth Solutions has a 52 week low of $40.06 and a 52 week high of $49.86. The firm has a 50-day moving average price of $43.87 and a two-hundred day moving average price of $44.40.

Brookfield Wealth Solutions Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, September 14th. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is currently 107.69%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Moerus Capital Management LLC increased its holdings in Brookfield Wealth Solutions by 22.2% in 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 last quarter. JPMorgan Chase & Co. lifted its holdings in Brookfield Wealth Solutions by 1,235.2% during the second quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock valued at $75,000 after purchasing an additional 1,124 shares during the last quarter. Wells Fargo & Company MN lifted its holdings 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 valued at $91,000 after purchasing an additional 615 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Brookfield Wealth Solutions by 49.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,658 shares of the company’s stock worth $122,000 after purchasing an additional 885 shares during the period. Finally, Northwest & Ethical Investments L.P. boosted its position in Brookfield Wealth Solutions by 99.5% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 3,024 shares of the company’s stock worth $139,000 after purchasing an additional 1,508 shares during the period. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, 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. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.