Brookfield Wealth Solutions (NYSE:BNT) Reaches New 12-Month Low – Here’s Why

Brookfield Wealth Solutions Ltd. (NYSE:BNT)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $35.62 and last traded at $35.7630, with a volume of 2,214 shares. The stock had previously closed at $36.67.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen raised Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings downgraded 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. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Brookfield Wealth Solutions Stock Down 2.5%

The firm’s 50-day moving average price is $39.78 and its 200 day moving average price is $42.67. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 137.70 and a beta of 1.47.

Brookfield Wealth Solutions (NYSE:BNT) last posted 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 net margin of 0.15% and a return on equity of 0.10%. During the same quarter last year, the business posted $0.06 EPS.

Brookfield Wealth Solutions Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th were paid a dividend of $0.07 per share. The ex-dividend date was Monday, September 14th. Brookfield Wealth Solutions’s dividend payout ratio is presently 107.69%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

A number of large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in shares of Brookfield Wealth Solutions by 203.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company’s stock valued at $35,000 after purchasing an additional 561 shares during the last quarter. Waverly Advisors LLC acquired a new position in shares of Brookfield Wealth Solutions during the 2nd quarter worth $202,000. Public Employees Retirement System of Ohio acquired a new position in shares of Brookfield Wealth Solutions during the 2nd quarter worth $362,000. Renaissance Technologies LLC raised 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 buying an additional 6,400 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Brookfield Wealth Solutions by 3,156.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 11,755 shares of the company’s stock worth $540,000 after buying an additional 11,394 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

About Brookfield Wealth Solutions

Brookfield Wealth Solutions Ltd. (NYSE: BNT) is a financial services company focused on helping individuals, institutions and businesses manage long-term savings and retirement needs. The company operates within Brookfield’s broader financial services platform and provides insurance and reinsurance solutions designed to support the accumulation, protection and distribution of wealth.

Its principal offerings include annuities, life insurance, retirement income products and institutional risk-transfer solutions, including pension risk transfer arrangements.