Brookfield Wealth Solutions (NYSE:BNT) Releases Quarterly Earnings Results

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

Brookfield Wealth Solutions Stock Up 0.1%

NYSE:BNT opened at $47.65 on Friday. The firm has a market cap of $17.18 billion, a PE ratio of 198.55 and a beta of 1.57. The company’s 50-day moving average price is $46.70 and its two-hundred day moving average price is $45.64. Brookfield Wealth Solutions has a 12 month low of $29.13 and a 12 month high of $49.86.

Brookfield Wealth Solutions Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.07 per share. This is an increase from Brookfield Wealth Solutions’s previous dividend of $0.06. The ex-dividend date is Tuesday, March 17th. Brookfield Wealth Solutions’s dividend payout ratio is 104.35%.

Institutional Trading of Brookfield Wealth Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Moerus Capital Management LLC boosted its stake in Brookfield Wealth Solutions by 22.2% in the fourth quarter. Moerus Capital Management LLC now owns 1,187 shares of the company’s stock valued at $55,000 after acquiring an additional 216 shares during the last quarter. Russell Investments Group Ltd. raised its stake 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 worth $294,000 after buying an additional 388 shares during the period. Wells Fargo & Company MN lifted its holdings in Brookfield Wealth Solutions by 45.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,978 shares of the company’s stock worth $91,000 after acquiring an additional 615 shares in the last quarter. Swiss National Bank grew its stake in 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 acquiring an additional 800 shares during the period. Finally, UBS Group AG increased its holdings in shares of Brookfield Wealth Solutions by 1.6% in the third quarter. UBS Group AG now owns 53,953 shares of the company’s stock worth $3,695,000 after acquiring an additional 868 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Brookfield Wealth Solutions in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

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.