Brookfield Wealth Solutions (NYSE:BNT) Announces Earnings Results

Brookfield Wealth Solutions (NYSE:BNT) released its earnings results on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. Brookfield Wealth Solutions had a net margin of 0.16% and a return on equity of 0.10%. The firm had revenue of $1.66 billion during the quarter.

Brookfield Wealth Solutions Trading Down 4.2%

BNT traded down $2.01 during trading on Friday, hitting $45.50. 24,516 shares of the company’s stock were exchanged, compared to its average volume of 24,018. The firm has a market cap of $15.38 billion, a P/E ratio of 182.02 and a beta of 1.51. The stock has a 50 day moving average price of $43.67 and a 200 day moving average price of $45.34. 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 has a 1 year low of $37.71 and a 1 year high of $49.86.

Brookfield Wealth Solutions Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BNT. Goldman Sachs Group Inc. boosted its stake in shares of Brookfield Wealth Solutions by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 48,371 shares of the company’s stock valued at $2,524,000 after purchasing an additional 3,283 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Brookfield Wealth Solutions by 1,235.2% in the second 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 period. Russell Investments Group Ltd. boosted its stake in shares of Brookfield Wealth Solutions by 8.8% in the second quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company’s stock valued at $294,000 after purchasing an additional 388 shares during the period. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 249,174 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Brookfield Wealth Solutions by 2.1% in the third quarter. Swiss National Bank now owns 38,300 shares of the company’s stock valued at $2,627,000 after purchasing an additional 800 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BNT has been the subject of several research reports. 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. 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. One analyst has rated the stock with a Hold rating, According to data from 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.