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

Brookfield Wealth Solutions (NYSE:BNT) posted its quarterly earnings data on Thursday. The company reported $0.07 earnings per share for the quarter, Zacks reports. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.16%.During the same quarter in the previous year, the firm posted $0.06 earnings per share.

Brookfield Wealth Solutions Stock Performance

Brookfield Wealth Solutions stock traded up $0.17 during trading hours on Thursday, hitting $45.02. The stock had a trading volume of 10,413 shares, compared to its average volume of 25,684. The company has a 50-day moving average of $43.88 and a two-hundred day moving average of $44.42. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.29. The company has a market cap of $15.22 billion, a PE ratio of 179.96 and a beta of 1.49. Brookfield Wealth Solutions has a fifty-two week low of $40.06 and a fifty-two week high of $49.86.

Brookfield Wealth Solutions Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.07 per share. The ex-dividend date was Monday, June 15th. Brookfield Wealth Solutions’s payout ratio is currently 112.00%.

Institutional Trading of Brookfield Wealth Solutions

Several institutional investors have recently modified their holdings of the company. Partners Value Investments L.P. increased its holdings in Brookfield Wealth Solutions by 50.0% in 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 buying an additional 4,106,781 shares during the period. BROOKFIELD Corp ON lifted its holdings in shares of Brookfield Wealth Solutions by 50.0% during the 4th quarter. BROOKFIELD Corp ON now owns 1,355,764 shares of the company’s stock worth $62,297,000 after acquiring an additional 451,921 shares during the period. Royal Bank of Canada boosted its position in shares of 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 acquiring an additional 294,247 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of 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 acquiring an additional 250,001 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Brookfield Wealth Solutions by 1,507.2% in the third quarter. Vanguard Group Inc. now owns 265,706 shares of the company’s stock valued at $18,216,000 after acquiring an additional 249,174 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Brookfield Wealth Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, 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.