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

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

Brookfield Wealth Solutions Price Performance

Shares of Brookfield Wealth Solutions stock traded down $1.22 during trading on Friday, reaching $43.81. 1,332 shares of the company’s stock were exchanged, compared to its average volume of 25,594. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.21 and a current ratio of 0.21. Brookfield Wealth Solutions has a 1-year low of $40.06 and a 1-year high of $49.86. The company has a market cap of $14.81 billion, a P/E ratio of 175.26 and a beta of 1.49. The firm’s 50-day moving average price is $43.88 and its 200 day moving average price is $44.40.

Brookfield Wealth Solutions Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, September 14th. Brookfield Wealth Solutions’s payout ratio is 112.00%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Moerus Capital Management LLC lifted its holdings in shares of Brookfield Wealth Solutions by 22.2% in the fourth quarter. Moerus Capital Management LLC now owns 1,187 shares of the company’s stock worth $55,000 after acquiring an additional 216 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Brookfield Wealth Solutions by 1,235.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock valued at $75,000 after purchasing an additional 1,124 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Brookfield Wealth Solutions by 45.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,978 shares of the company’s stock valued at $91,000 after purchasing an additional 615 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Brookfield Wealth Solutions by 49.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,658 shares of the company’s stock worth $122,000 after purchasing an additional 885 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its position in Brookfield Wealth Solutions by 99.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 3,024 shares of the company’s stock worth $139,000 after purchasing an additional 1,508 shares in the last quarter. Institutional investors own 20.31% of the company’s stock.

About Brookfield Wealth Solutions

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.