Brookfield Wealth Solutions Ltd. (NYSE:BNT) Sees Large Growth in Short Interest

Key Points

• Brookfield Wealth Solutions Ltd. (NYSE:BNT) witnessed a significant rise in short interest, increasing by 89.2% in September, totaling 419,300 shares as of September 30th.
• Equities analysts maintain a consensus "Hold" rating on the stock, with Weiss Ratings and Wall Street Zen both reiterating this stance in recent reports.
• The company recently announced a $0.04 quarterly dividend, representing an annualized rate of $0.16 with a dividend yield of 0.4%, despite a payout ratio over 104%.

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 419,300 shares, an increase of 89.2% from the September 15th total of 221,600 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 22,600 shares, the days-to-cover ratio is presently 18.6 days. Based on an average daily volume of 22,600 shares, the days-to-cover ratio is presently 18.6 days. Currently, 2.6% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BNT shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Brookfield Wealth Solutions in a research report on Wednesday, October 8th. Wall Street Zen upgraded Brookfield Wealth Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Brookfield Wealth Solutions Stock Performance

Brookfield Wealth Solutions stock traded up $0.04 during midday trading on Tuesday, hitting $45.14. 17,188 shares of the company's stock were exchanged, compared to its average volume of 24,078. Brookfield Wealth Solutions has a 52-week low of $29.13 and a 52-week high of $49.44. The stock has a 50-day moving average price of $44.89 and a two-hundred day moving average price of $41.19. The company has a market cap of $16.28 billion, a P/E ratio of 199.14 and a beta of 1.57.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.06 EPS for the quarter. Brookfield Wealth Solutions had a return on equity of 0.12% and a net margin of 0.11%.The business had revenue of $3.04 billion during the quarter.

Brookfield Wealth Solutions Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, September 12th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, September 12th. Brookfield Wealth Solutions's dividend payout ratio is presently 104.35%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Montrusco Bolton Investments Inc. boosted its holdings in shares of Brookfield Wealth Solutions by 11.2% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 168,631 shares of the company's stock worth $8,811,000 after purchasing an additional 16,990 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Brookfield Wealth Solutions by 4.3% in the 1st quarter. Mackenzie Financial Corp now owns 52,429 shares of the company's stock worth $2,740,000 after purchasing an additional 2,165 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Brookfield Wealth Solutions by 1.8% in the 1st quarter. TD Asset Management Inc now owns 39,504 shares of the company's stock worth $2,064,000 after purchasing an additional 688 shares in the last quarter. JPMorgan Chase & Co. lifted its stake 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 valued at $75,000 after acquiring an additional 1,124 shares during the last quarter. Finally, Pettinga Financial Advisors LLC bought a new stake in shares of Brookfield Wealth Solutions in the 3rd quarter valued at about $205,000. 20.31% of the stock is currently owned by hedge funds and other 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.

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