Brookfield Wealth Solutions (NYSE:BNT) Reaches New 52-Week Low – Should You Sell?

Brookfield Wealth Solutions Ltd. (NYSE:BNT) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $39.91 and last traded at $39.7270, with a volume of 2871 shares trading hands. The stock had previously closed at $41.24.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen raised shares of Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield Wealth Solutions in a research report on Thursday, August 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Brookfield Wealth Solutions currently has an average rating of “Hold”.

Brookfield Wealth Solutions Stock Performance

The business has a 50-day moving average price of $43.22 and a 200-day moving average price of $44.05. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of 152.31 and a beta of 1.49. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.39.

Brookfield Wealth Solutions (NYSE:BNT) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.07 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 quarter last year, the firm posted $0.06 earnings per share.

Brookfield Wealth Solutions Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be given 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 currently 107.69%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

Several institutional investors have recently added to or reduced their stakes in BNT. Goldman Sachs Group Inc. grew its stake in shares of Brookfield Wealth Solutions by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 48,371 shares of the company’s stock worth $2,524,000 after acquiring an additional 3,283 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Brookfield Wealth Solutions by 1,235.2% during the second quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock valued at $75,000 after acquiring an additional 1,124 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Brookfield Wealth Solutions by 8.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company’s stock valued at $294,000 after purchasing an additional 388 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Brookfield Wealth Solutions by 1,507.2% in the 3rd quarter. Vanguard Group Inc. now owns 265,706 shares of the company’s stock valued at $18,216,000 after purchasing an additional 249,174 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Brookfield Wealth Solutions by 2.1% in the 3rd quarter. Swiss National Bank now owns 38,300 shares of the company’s stock worth $2,627,000 after purchasing an additional 800 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.