Brookfield Wealth Solutions (NYSE:BNT) Shares Gap Up – Here’s What Happened

Brookfield Wealth Solutions Ltd. (NYSE:BNT)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $40.71, but opened at $41.99. Brookfield Wealth Solutions shares last traded at $42.02, with a volume of 558 shares.

Analysts Set New Price Targets

A number of research firms recently commented on BNT. Wall Street Zen downgraded Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated 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 data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Brookfield Wealth Solutions Stock Down 1.5%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.23 and a current ratio of 0.23. The firm’s fifty day simple moving average is $44.70 and its 200 day simple moving average is $45.56. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 169.09 and a beta of 1.57.

Brookfield Wealth Solutions (NYSE:BNT) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.06 earnings per share (EPS) for the quarter. Brookfield Wealth Solutions had a net margin of 0.14% and a return on equity of 0.10%. The company had revenue of $3.05 billion during the quarter.

Brookfield Wealth Solutions Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This is a boost from Brookfield Wealth Solutions’s previous dividend of $0.06. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is currently 116.67%.

Institutional Trading of Brookfield Wealth Solutions

Several hedge funds and other institutional investors have recently modified their holdings of BNT. Moerus Capital Management LLC boosted its position in shares of Brookfield Wealth Solutions by 22.2% during the fourth quarter. Moerus Capital Management LLC now owns 1,187 shares of the company’s stock worth $55,000 after buying an additional 216 shares during the period. JPMorgan Chase & Co. raised its position in Brookfield Wealth Solutions by 1,235.2% in 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 during the last quarter. Wells Fargo & Company MN raised its position in Brookfield Wealth Solutions by 45.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,978 shares of the company’s stock valued at $91,000 after buying an additional 615 shares during the last quarter. NBC Securities Inc. lifted its stake in Brookfield Wealth Solutions by 49.9% in the 4th quarter. NBC Securities Inc. now owns 2,543 shares of the company’s stock valued at $117,000 after acquiring an additional 846 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in Brookfield Wealth Solutions by 49.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,658 shares of the company’s stock valued at $122,000 after acquiring an additional 885 shares in the last quarter. Institutional investors and hedge funds 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.