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

Brookfield Wealth Solutions Ltd. (NYSE:BNT) reached a new 52-week low on Monday . The company traded as low as $37.82 and last traded at $37.71, with a volume of 2347 shares traded. The stock had previously closed at $38.19.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen raised Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings downgraded Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Brookfield Wealth Solutions has a consensus rating of “Hold”.

Brookfield Wealth Solutions Trading Down 1.3%

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 142.68 and a beta of 1.46. The business has a fifty day moving average price of $42.31 and a 200 day moving average price of $43.45.

Brookfield Wealth Solutions (NYSE:BNT) last announced its quarterly earnings data 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 period in the prior year, the business earned $0.06 EPS.

Brookfield Wealth Solutions Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 29th. Stockholders 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%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Montrusco Bolton Investments Inc. lifted its holdings in shares of Brookfield Wealth Solutions by 30.8% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 307,408 shares of the company’s stock worth $12,721,000 after acquiring an additional 72,434 shares during the period. CI Investments Inc. lifted its position in shares of Brookfield Wealth Solutions by 35.5% during the 1st quarter. CI Investments Inc. now owns 190,208 shares of the company’s stock worth $7,875,000 after buying an additional 49,804 shares during the period. Legal & General Group Plc boosted its stake in Brookfield Wealth Solutions by 39.2% in the 4th quarter. Legal & General Group Plc now owns 104,568 shares of the company’s stock valued at $4,820,000 after buying an additional 29,431 shares in the last quarter. Cibc World Market Inc. grew its position in Brookfield Wealth Solutions by 48.1% in the fourth quarter. Cibc World Market Inc. now owns 47,175 shares of the company’s stock valued at $2,172,000 after acquiring an additional 15,323 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Brookfield Wealth Solutions by 207.5% during the first quarter. Sequoia Financial Advisors LLC now owns 14,562 shares of the company’s stock valued at $603,000 after acquiring an additional 9,827 shares during the period. 20.31% of the stock is currently owned by institutional investors.

Brookfield Wealth Solutions Company Profile

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.