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

Brookfield Wealth Solutions Ltd. (NYSE:BNT – Get Free Report)’s share price reached a new 52-week low on Thursday . The company traded as low as $36.48 and last traded at $36.5160, with a volume of 1487 shares. The stock had previously closed at $37.08.

Analyst Upgrades and Downgrades

BNT has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Brookfield Wealth Solutions from a “hold (c)” rating to a “hold (c-)” rating in a 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 report on Saturday, August 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Read Our Latest Stock Report on BNT

Brookfield Wealth Solutions Price Performance

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 stock has a market cap of $12.39 billion, a price-to-earnings ratio of 140.93 and a beta of 1.46. The stock has a 50-day moving average price of $41.57 and a two-hundred day moving average price of $43.16.

Brookfield Wealth Solutions (NYSE:BNT – Get Free Report) last posted 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 quarter in the prior year, the company 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 paid a dividend of $0.07 per share. The ex-dividend date is Monday, September 14th. Brookfield Wealth Solutions’s payout ratio is presently 107.69%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BNT. Bruni J V & Co. Co. boosted its stake in shares of Brookfield Wealth Solutions by 6.3% during the 4th quarter. Bruni J V & Co. Co. now owns 7,155 shares of the company’s stock worth $329,000 after acquiring an additional 422 shares in the last quarter. 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 in the last quarter. Waverly Advisors LLC acquired a new position in Brookfield Wealth Solutions in the 2nd quarter worth about $202,000. Renaissance Technologies LLC raised its holdings in Brookfield Wealth Solutions by 102.4% in the 1st quarter. Renaissance Technologies LLC now owns 12,649 shares of the company’s stock worth $524,000 after purchasing an additional 6,400 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Brookfield Wealth Solutions during the second quarter worth approximately $362,000. 20.31% of the stock is owned by institutional investors and hedge funds.

About Brookfield Wealth Solutions

(Get Free Report)

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.

Further Reading

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