Brookfield Wealth Solutions (NYSE:BNT) Sets New 52-Week Low – Here’s What Happened

Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) reached a new 52-week low during trading on Wednesday. The stock traded as low as $35.62 and last traded at $35.7630, with a volume of 2,214 shares trading hands. The stock had previously closed at $36.67.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BNT. Wall Street Zen upgraded shares of Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings cut shares of Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Brookfield Wealth Solutions Stock Up 2.8%

The company has a market cap of $12.45 billion, a price-to-earnings ratio of 141.70 and a beta of 1.47. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $39.44 and a two-hundred day moving average of $42.61.

Brookfield Wealth Solutions (NYSE:BNT) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.07 earnings per share (EPS) 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 prior year, the company earned $0.06 EPS.

Brookfield Wealth Solutions Dividend Announcement

The firm 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 dividend payout ratio is presently 107.69%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in Brookfield Wealth Solutions by 203.3% in 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 during the period. Waverly Advisors LLC acquired a new position in Brookfield Wealth Solutions during the second quarter worth $202,000. Public Employees Retirement System of Ohio acquired a new position in Brookfield Wealth Solutions during the second quarter worth $362,000. Renaissance Technologies LLC lifted its holdings in Brookfield Wealth Solutions by 102.4% during the first quarter. Renaissance Technologies LLC now owns 12,649 shares of the company’s stock valued at $524,000 after purchasing an additional 6,400 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings 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 purchasing an additional 11,394 shares in the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

About Brookfield Wealth Solutions

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.