Brookfield Wealth Solutions (NYSE:BNT) Reaches New 52-Week Low – Here’s Why
by Kim Johansen · The Markets DailyBrookfield Wealth Solutions Ltd. (NYSE:BNT – Get Free Report)’s share price reached a new 52-week low on Monday . The stock traded as low as $37.82 and last traded at $37.71, with a volume of 2347 shares. The stock had previously closed at $38.19.
Analysts Set New Price Targets
BNT has been the subject of a number of recent research reports. Weiss Ratings cut Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, September 8th. Wall Street Zen raised shares of Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Brookfield Wealth Solutions currently has a consensus rating of “Hold”.
View Our Latest Analysis on BNT
Brookfield Wealth Solutions Stock Down 0.9%
The firm’s 50-day moving average price is $42.57 and its 200-day moving average price is $43.57. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 145.56 and a beta of 1.46. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.16 and a quick ratio of 0.16.
Brookfield Wealth Solutions (NYSE:BNT – Get Free Report) last announced its earnings results 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 in the prior year, the company posted $0.06 EPS.
Brookfield Wealth Solutions Dividend Announcement
The business also recently announced a dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be given a $0.07 dividend. The ex-dividend date of this dividend is Monday, September 14th. Brookfield Wealth Solutions’s payout ratio is presently 107.69%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in BNT. Partners Value Investments L.P. boosted its holdings in Brookfield Wealth Solutions by 50.0% in the fourth quarter. Partners Value Investments L.P. now owns 12,320,344 shares of the company’s stock worth $566,120,000 after purchasing an additional 4,106,781 shares during the period. BROOKFIELD Corp ON lifted its position in shares of Brookfield Wealth Solutions by 50.0% in the 4th quarter. BROOKFIELD Corp ON now owns 1,355,764 shares of the company’s stock worth $62,297,000 after buying an additional 451,921 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Brookfield Wealth Solutions by 50.3% in the 4th quarter. Royal Bank of Canada now owns 879,629 shares of the company’s stock worth $40,418,000 after buying an additional 294,247 shares during the last quarter. Bank of Nova Scotia boosted its stake in Brookfield Wealth Solutions by 50.0% in the fourth quarter. Bank of Nova Scotia now owns 750,004 shares of the company’s stock valued at $34,528,000 after acquiring an additional 250,001 shares during the period. Finally, Vanguard Group Inc. lifted its holdings 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 worth $18,216,000 after purchasing an additional 249,174 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.
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.