Brookfield Wealth Solutions (NYSE:BNT) Shares Climb 6.1% – What’s Next?

Brookfield Wealth Solutions Ltd. (NYSE:BNT) shares rose 6.1% during mid-day trading on Wednesday. The stock traded as high as $43.17 and last traded at $43.1050. 23,646 shares were traded during trading, an increase of 87% from the average daily volume of 12,646 shares. The stock had previously closed at $40.61.

Wall Street Analyst Weigh In

A number of analysts recently commented on BNT shares. Weiss Ratings lowered Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, September 8th. Wall Street Zen raised shares of Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Brookfield Wealth Solutions Trading Up 6.1%

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.16 and a quick ratio of 0.16. The stock’s 50 day moving average is $38.20 and its 200-day moving average is $42.82. The company has a market capitalization of $14.57 billion, a P/E ratio of 165.79 and a beta of 1.45.

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

Brookfield Wealth Solutions Dividend Announcement

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

Institutional Investors Weigh In On Brookfield Wealth Solutions

Several hedge funds have recently made changes to their positions in BNT. EverSource Wealth Advisors LLC grew its stake in Brookfield Wealth Solutions by 203.3% in the first quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company’s stock worth $35,000 after purchasing an additional 561 shares during the period. TD Waterhouse Canada Inc. lifted its position in Brookfield Wealth Solutions by 30.1% during the third quarter. TD Waterhouse Canada Inc. now owns 2,691 shares of the company’s stock valued at $97,000 after buying an additional 622 shares during the period. Waverly Advisors LLC bought a new stake in shares of Brookfield Wealth Solutions during the 2nd quarter valued at $202,000. 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. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Brookfield Wealth Solutions during the 2nd quarter valued at $362,000. 20.31% of the stock is currently owned by institutional investors.

About Brookfield Wealth Solutions

Brookfield Wealth Solutions (NYSE:BNT) is a financial services company that provides insurance and retirement solutions to individuals, institutions, and other organizations. Its business is focused on helping customers manage longevity, retirement income, and other long-term financial risks.

The company offers products and services including annuities, life insurance, pension risk-transfer solutions, and institutional retirement products. Through these offerings, Brookfield Wealth Solutions assumes and manages insurance and longevity risks while providing policyholders and retirement plans with long-term income solutions.

The company was previously known as Brookfield Reinsurance and operates within the broader Brookfield organization.