Brookfield Wealth Solutions (NYSE:BNT) Announces Quarterly Earnings Results

Key Points

• Brookfield Wealth Solutions reported quarterly EPS of $0.07, up from $0.06 in the same period last year. Return on equity was 0.10% and net margin was 0.16%.
• Shares rose 0.4% to $45.02 in Thursday trading, with the stock valued at a market capitalization of $15.22 billion and a P/E ratio of 179.96.
• The company paid a quarterly dividend of $0.07 per share, though its 112% payout ratio exceeds reported earnings. Analysts maintain a consensus “Hold” rating, while institutional investors own 20.31% of the stock.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, Zacks reports. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.16%.During the same quarter in the prior year, the firm posted $0.06 earnings per share.

Brookfield Wealth Solutions Stock Up 0.4%

Shares of NYSE BNT traded up $0.17 during mid-day trading on Thursday, reaching $45.02. 10,413 shares of the company traded hands, compared to its average volume of 25,684. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market cap of $15.22 billion, a PE ratio of 179.96 and a beta of 1.49. The company's fifty day moving average is $43.88 and its two-hundred day moving average is $44.42. Brookfield Wealth Solutions has a fifty-two week low of $40.06 and a fifty-two week high of $49.86.

Brookfield Wealth Solutions Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.07 per share. The ex-dividend date was Monday, June 15th. Brookfield Wealth Solutions's dividend payout ratio is 112.00%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

Large investors have recently added to or reduced their stakes in the stock. Moerus Capital Management LLC raised its position in shares of Brookfield Wealth Solutions by 22.2% in the fourth quarter. Moerus Capital Management LLC now owns 1,187 shares of the company's stock valued at $55,000 after purchasing an additional 216 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Brookfield Wealth Solutions by 1,235.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company's stock worth $75,000 after buying an additional 1,124 shares during the period. Wells Fargo & Company MN grew its stake in Brookfield Wealth Solutions by 45.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,978 shares of the company's stock valued at $91,000 after buying an additional 615 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in Brookfield Wealth Solutions by 49.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,658 shares of the company's stock worth $122,000 after acquiring an additional 885 shares during the period. Finally, Northwest & Ethical Investments L.P. raised its holdings in Brookfield Wealth Solutions by 99.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 3,024 shares of the company's stock worth $139,000 after acquiring an additional 1,508 shares during the period. Institutional investors own 20.31% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Brookfield Wealth Solutions from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, May 18th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Brookfield Wealth Solutions has an average rating of "Hold".

About Brookfield Wealth Solutions

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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