Brookfield Wealth Solutions (NYSE:BNT) Sets New 1-Year High - Should You Buy?

Key Points

• Brookfield Wealth Solutions shares reached a new 52-week high of $72.99, indicating strong market performance, with a last trading price of $72.87.
• The company announced a 3-2 stock split scheduled for October 10th, aimed at increasing liquidity for its shares.
• Brookfield recently declared a quarterly dividend of $0.06, reflecting a payout ratio of 105.88% amidst a low net margin and return on equity.

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $72.99 and last traded at $72.87, with a volume of 15323 shares. The stock had previously closed at $71.84.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Brookfield Wealth Solutions from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

Brookfield Wealth Solutions Price Performance

The firm's 50 day moving average is $66.69 and its 200 day moving average is $59.53. The company has a market capitalization of $17.52 billion, a PE ratio of 214.33 and a beta of 1.57.

Shares of Brookfield Wealth Solutions are scheduled to split on Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, October 9th.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.09 EPS for the quarter. Brookfield Wealth Solutions had a net margin of 0.11% and a return on equity of 0.12%. The company had revenue of $3.04 billion for the quarter.

Brookfield Wealth Solutions Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 12th. Brookfield Wealth Solutions's payout ratio is presently 105.88%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its position in shares of Brookfield Wealth Solutions by 8.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company's stock worth $294,000 after buying an additional 388 shares during the period. TD Asset Management Inc grew its position 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 buying an additional 688 shares during the period. JPMorgan Chase & Co. grew its position 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 worth $75,000 after buying an additional 1,124 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in shares of Brookfield Wealth Solutions in the 1st quarter worth about $77,000. Finally, NBC Securities Inc. grew its position in shares of Brookfield Wealth Solutions by 172,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,727 shares of the company's stock worth $90,000 after buying an additional 1,726 shares during the period. 20.31% of the stock is 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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