Brookfield Wealth Solutions (NYSE:BNT) Reaches New 52-Week Low – Here’s What Happened

Brookfield Wealth Solutions Ltd. (NYSE:BNT)’s share price 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.

Wall Street Analyst Weigh In

BNT has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield Wealth Solutions in a research note on Thursday, August 13th. Wall Street Zen upgraded Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Brookfield Wealth Solutions Trading Up 0.6%

The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $43.07 and its 200 day simple moving average is $43.94. The stock has a market capitalization of $13.48 billion, a P/E ratio of 153.39 and a beta of 1.46.

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

Brookfield Wealth Solutions Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be paid 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 Trading of Brookfield Wealth Solutions

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in shares of Brookfield Wealth Solutions by 203.3% in the first quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company’s stock valued at $35,000 after buying an additional 561 shares in the last quarter. Moerus Capital Management LLC grew its holdings in shares of Brookfield Wealth Solutions by 22.2% in the 4th quarter. Moerus Capital Management LLC now owns 1,187 shares of the company’s stock worth $55,000 after acquiring an additional 216 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Brookfield Wealth Solutions by 1,235.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock worth $75,000 after acquiring an additional 1,124 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Brookfield Wealth Solutions by 45.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,978 shares of the company’s stock worth $91,000 after acquiring an additional 615 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of Brookfield Wealth Solutions by 49.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,658 shares of the company’s stock worth $122,000 after purchasing an additional 885 shares during the period. 20.31% of the stock is currently owned by institutional investors.

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.