Brookfield Wealth Solutions (NYSE:BNT) Stock Jumps 6.1% – Still a Buy?

Brookfield Wealth Solutions Ltd. (NYSE:BNT – Get Free Report)’s share price shot up 6.1% on Wednesday. The company traded as high as $43.17 and last traded at $43.1050. Approximately 23,646 shares changed hands during trading, an increase of 87% from the average session volume of 12,646 shares. The stock had previously closed at $40.61.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BNT shares. Weiss Ratings cut shares of Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, September 8th. Wall Street Zen raised 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. Based on data from MarketBeat, Brookfield Wealth Solutions currently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on Brookfield Wealth Solutions

Brookfield Wealth Solutions Stock Down 0.8%

The company has a market capitalization of $13.99 billion, a PE ratio of 159.18 and a beta of 1.45. The business’s 50 day simple moving average is $38.20 and its 200 day simple moving average is $42.77. 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 – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.07 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 in the prior year, the business earned $0.06 EPS.

Brookfield Wealth Solutions Dividend Announcement

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

Hedge Funds Weigh In On Brookfield Wealth Solutions

Several institutional investors have recently modified their holdings of BNT. CI Investments Inc. raised its position in Brookfield Wealth Solutions by 35.5% in the 1st quarter. CI Investments Inc. now owns 190,208 shares of the company’s stock worth $7,875,000 after purchasing an additional 49,804 shares during the period. Schwartz Investment Counsel Inc. boosted its position in shares of Brookfield Wealth Solutions by 14.2% during the third quarter. Schwartz Investment Counsel Inc. now owns 103,883 shares of the company’s stock valued at $3,794,000 after buying an additional 12,929 shares during the period. Sequoia Financial Advisors LLC boosted its position 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 buying an additional 9,827 shares during the period. Renaissance Technologies LLC grew its stake in shares of Brookfield Wealth Solutions by 102.4% during the first quarter. Renaissance Technologies LLC now owns 12,649 shares of the company’s stock valued at $524,000 after buying an additional 6,400 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Brookfield Wealth Solutions during the second quarter valued at approximately $362,000. Institutional investors own 20.31% of the company’s stock.

About Brookfield Wealth Solutions

(Get Free Report)

Brookfield Wealth Solutions (NYSE:BNT) is a financial services company that provides insurance and retirement solutions to individuals, institutions, and other organizations. Its business is focused on helping customers manage longevity, retirement income, and other long-term financial risks.

The company offers products and services including annuities, life insurance, pension risk-transfer solutions, and institutional retirement products. Through these offerings, Brookfield Wealth Solutions assumes and manages insurance and longevity risks while providing policyholders and retirement plans with long-term income solutions.

The company was previously known as Brookfield Reinsurance and operates within the broader Brookfield organization.

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