Brookfield Wealth Solutions (NYSE:BNT) Hits New 1-Year Low – Time to Sell?

by · The Markets Daily

Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT – Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $36.48 and last traded at $36.5160, with a volume of 1487 shares traded. The stock had previously closed at $37.08.

Analyst Upgrades and Downgrades

BNT has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Weiss Ratings cut shares of Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on BNT

Brookfield Wealth Solutions Stock Down 1.2%

The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 140.93 and a beta of 1.46. The business has a fifty day simple moving average of $41.57 and a 200 day simple moving average of $43.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.16 and a quick ratio of 0.16.

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

Brookfield Wealth Solutions Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.07 per share. 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

Several hedge funds and other institutional investors have recently modified their holdings of BNT. Waverly Advisors LLC purchased a new stake in Brookfield Wealth Solutions during the 2nd quarter valued at about $202,000. Public Employees Retirement System of Ohio purchased a new position in Brookfield Wealth Solutions in the 2nd quarter worth approximately $362,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Brookfield Wealth Solutions by 203.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company’s stock worth $35,000 after purchasing an additional 561 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Brookfield Wealth Solutions by 102.4% during the 1st quarter. Renaissance Technologies LLC now owns 12,649 shares of the company’s stock worth $524,000 after purchasing an additional 6,400 shares during the last quarter. Finally, CI Investments Inc. grew its position in shares of Brookfield Wealth Solutions by 35.5% in the first quarter. CI Investments Inc. now owns 190,208 shares of the company’s stock valued at $7,875,000 after purchasing an additional 49,804 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

About Brookfield Wealth Solutions

(Get Free Report)

Brookfield Wealth Solutions Ltd. (NYSE: BNT) is a financial services company that provides wealth, retirement and insurance solutions for individuals, institutions and other organizations. The company operates within Brookfield’s broader global asset management ecosystem and focuses on helping clients manage long-term savings and financial security needs.

Its principal activities include providing retirement income products, life insurance and annuity solutions, as well as institutional retirement services such as pension risk-transfer arrangements.

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