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

Brookfield Wealth Solutions (NYSE:BNT) issued its earnings results on Thursday. The company reported $0.07 EPS for the quarter, Zacks reports. Brookfield Wealth Solutions had a net margin of 0.14% and a return on equity of 0.10%.

Brookfield Wealth Solutions Price Performance

NYSE BNT traded up $2.38 on Thursday, hitting $47.53. 26,356 shares of the company were exchanged, compared to its average volume of 24,171. The firm has a 50 day moving average of $43.64 and a two-hundred day moving average of $45.34. The company has a market cap of $16.07 billion, a P/E ratio of 198.05 and a beta of 1.51. Brookfield Wealth Solutions has a 1-year low of $37.71 and a 1-year high of $49.86. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.27.

Brookfield Wealth Solutions Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, June 15th. Brookfield Wealth Solutions’s dividend payout ratio is 116.67%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BNT. Partners Value Investments L.P. lifted its position in Brookfield Wealth Solutions by 50.0% during the 4th quarter. Partners Value Investments L.P. now owns 12,320,344 shares of the company’s stock valued at $566,120,000 after purchasing an additional 4,106,781 shares during the period. BROOKFIELD Corp ON lifted its position in Brookfield Wealth Solutions by 50.0% during the 4th quarter. BROOKFIELD Corp ON now owns 1,355,764 shares of the company’s stock valued at $62,297,000 after purchasing an additional 451,921 shares during the period. Royal Bank of Canada lifted its position in Brookfield Wealth Solutions by 50.3% during the 4th quarter. Royal Bank of Canada now owns 879,629 shares of the company’s stock valued at $40,418,000 after purchasing an additional 294,247 shares during the period. Bank of Nova Scotia lifted its position in Brookfield Wealth Solutions by 50.0% during the 4th quarter. Bank of Nova Scotia now owns 750,004 shares of the company’s stock valued at $34,528,000 after purchasing an additional 250,001 shares during the period. Finally, Vanguard Group Inc. lifted its position in Brookfield Wealth Solutions by 1,507.2% during the 3rd quarter. Vanguard Group Inc. now owns 265,706 shares of the company’s stock valued at $18,216,000 after purchasing an additional 249,174 shares during the period. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings downgraded shares of Brookfield Wealth Solutions from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company 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.