Brookfield Wealth Solutions (NYSE:BNT) Announces Earnings Results

Brookfield Wealth Solutions (NYSE:BNT) released its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, Zacks reports. Brookfield Wealth Solutions had a net margin of 0.11% and a return on equity of 0.11%.

Brookfield Wealth Solutions Stock Up 0.6%

Shares of BNT stock traded up $0.29 during trading on Thursday, reaching $47.08. 19,593 shares of the company’s stock were exchanged, compared to its average volume of 15,284. The stock has a market capitalization of $16.98 billion, a PE ratio of 201.76 and a beta of 1.57. The firm’s fifty day moving average price is $46.66 and its 200-day moving average price is $45.61. Brookfield Wealth Solutions has a twelve month low of $29.13 and a twelve month high of $49.86.

Brookfield Wealth Solutions Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 16th. Brookfield Wealth Solutions’s payout ratio is currently 104.35%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

Several institutional investors have recently made changes to their positions in BNT. JPMorgan Chase & Co. lifted 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 worth $75,000 after acquiring an additional 1,124 shares during the period. CIBC Private Wealth Group LLC grew its holdings 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 acquiring an additional 885 shares during the last quarter. Deutsche Bank AG raised its position in Brookfield Wealth Solutions by 64.6% during the 4th quarter. Deutsche Bank AG now owns 3,673 shares of the company’s stock worth $169,000 after purchasing an additional 1,442 shares during the last quarter. Algert Global LLC acquired a new position in shares of Brookfield Wealth Solutions in the third quarter worth approximately $200,000. Finally, Russell Investments Group Ltd. increased its position in shares of Brookfield Wealth Solutions by 8.8% during the second quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company’s stock worth $294,000 after buying an additional 388 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Brookfield Wealth Solutions in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Brookfield Wealth Solutions presently has a consensus rating of “Buy”.

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.