Brookfield Wealth Solutions (NYSE:BNT) Reaches New 12-Month Low – Here’s What Happened

Brookfield Wealth Solutions Ltd. (NYSE:BNT)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $39.49 and last traded at $39.4350, with a volume of 15373 shares changing hands. The stock had previously closed at $40.24.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BNT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield Wealth Solutions in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Brookfield Wealth Solutions has a consensus rating of “Hold”.

Brookfield Wealth Solutions Price Performance

The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 151.68 and a beta of 1.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.16 and a current ratio of 0.16. The company has a 50-day simple moving average of $42.93 and a two-hundred day simple moving average of $43.79.

Brookfield Wealth Solutions (NYSE:BNT) last issued its earnings results on Thursday, August 13th. The company reported $0.07 earnings per share for the quarter. Brookfield Wealth Solutions had a net margin of 0.15% and a return on equity of 0.10%. During the same quarter in the prior year, the business earned $0.06 EPS.

Brookfield Wealth Solutions Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, September 14th. Brookfield Wealth Solutions’s dividend payout ratio is presently 107.69%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

A number of institutional investors have recently bought and sold shares of BNT. Partners Value Investments L.P. lifted its holdings 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 last quarter. BROOKFIELD Corp ON raised its holdings in Brookfield Wealth Solutions by 50.0% in the 4th quarter. BROOKFIELD Corp ON now owns 1,355,764 shares of the company’s stock valued at $62,297,000 after acquiring an additional 451,921 shares during the period. Royal Bank of Canada lifted its position in Brookfield Wealth Solutions by 50.3% during the fourth quarter. Royal Bank of Canada now owns 879,629 shares of the company’s stock worth $40,418,000 after acquiring an additional 294,247 shares during the last quarter. Bank of Nova Scotia lifted its position in Brookfield Wealth Solutions by 50.0% during the fourth quarter. Bank of Nova Scotia now owns 750,004 shares of the company’s stock worth $34,528,000 after acquiring an additional 250,001 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its holdings in shares of Brookfield Wealth Solutions by 30.8% during the first quarter. Montrusco Bolton Investments Inc. now owns 307,408 shares of the company’s stock worth $12,721,000 after acquiring an additional 72,434 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

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.