Brookfield Wealth Solutions (NYSE:BNT) Sets New 52-Week High – What’s Next?

Brookfield Wealth Solutions Ltd. (NYSE:BNT)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $70.00 and last traded at $69.71, with a volume of 18924 shares. The stock had previously closed at $69.39.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th.

Brookfield Wealth Solutions Stock Performance

The company’s fifty day moving average price is $66.06 and its 200-day moving average price is $59.01. The stock has a market cap of $16.76 billion, a P/E ratio of 205.04 and a beta of 1.57.

Shares of Brookfield Wealth Solutions are going to split on the morning of Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, October 9th.

Brookfield Wealth Solutions (NYSE:BNT) last released its earnings results on Thursday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $3.04 billion during the quarter. Brookfield Wealth Solutions had a net margin of 0.11% and a return on equity of 0.12%.

Brookfield Wealth Solutions Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, September 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is presently 105.88%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BNT. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 1,124 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new stake in Brookfield Wealth Solutions during the 1st quarter valued at about $77,000. NBC Securities Inc. lifted its holdings in Brookfield Wealth Solutions by 172,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,727 shares of the company’s stock valued at $90,000 after buying an additional 1,726 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Brookfield Wealth Solutions during the 2nd quarter valued at about $207,000. Finally, Russell Investments Group Ltd. lifted its holdings in Brookfield Wealth Solutions by 8.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company’s stock valued at $294,000 after buying an additional 388 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.