Brookfield Wealth Solutions (NYSE:BNT) Sets New 1-Year Low – What’s Next?

Brookfield Wealth Solutions Ltd. (NYSE:BNT)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $36.04 and last traded at $36.4350, with a volume of 17848 shares traded. The stock had previously closed at $36.22.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BNT shares. Weiss Ratings downgraded Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, September 8th. Wall Street Zen upgraded Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Brookfield Wealth Solutions Stock Performance

The business has a fifty day moving average of $40.80 and a 200 day moving average of $42.93. The company has a market cap of $12.34 billion, a P/E ratio of 140.43 and a beta of 1.47. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.39.

Brookfield Wealth Solutions (NYSE:BNT) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.07 earnings per share for the quarter. Brookfield Wealth Solutions had a net margin of 0.15% and a return on equity of 0.10%. During the same period in the previous year, the company earned $0.06 EPS.

Brookfield Wealth Solutions Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, September 14th. Brookfield Wealth Solutions’s payout ratio is presently 107.69%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position in Brookfield Wealth Solutions by 203.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company’s stock valued at $35,000 after acquiring an additional 561 shares in the last quarter. Waverly Advisors LLC bought a new stake in shares of Brookfield Wealth Solutions during the second quarter valued at approximately $202,000. Public Employees Retirement System of Ohio purchased a new stake in Brookfield Wealth Solutions in the second quarter worth $362,000. Rockefeller Capital Management L.P. lifted its position in Brookfield Wealth Solutions by 3,156.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 11,755 shares of the company’s stock valued at $540,000 after buying an additional 11,394 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Brookfield Wealth Solutions by 102.4% during the 1st quarter. Renaissance Technologies LLC now owns 12,649 shares of the company’s stock valued at $524,000 after buying an additional 6,400 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

Brookfield Wealth Solutions Company Profile

Brookfield Wealth Solutions Ltd. (NYSE: BNT) is a financial services company focused on helping individuals, institutions and businesses manage long-term savings and retirement needs. The company operates within Brookfield’s broader financial services platform and provides insurance and reinsurance solutions designed to support the accumulation, protection and distribution of wealth.

Its principal offerings include annuities, life insurance, retirement income products and institutional risk-transfer solutions, including pension risk transfer arrangements.