Brookfield Wealth Solutions (NYSE:BNT) Shares Up 0.2% - Here's Why

Key Points

• Brookfield Wealth Solutions' stock (NYSE:BNT) experienced a slight increase of 0.2%, trading at $45.24, after previously closing at $45.17.
• The company recently reported earnings of $0.06 per share with a revenue of $3.04 billion and has seen a dividend cut with a payout ratio of 104.35%.
• Research analysts currently rate BNT shares with a consensus of "Hold," with recent changes in ratings from "sell" to "hold" by Wall Street Zen.

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report) traded up 0.2% on Wednesday . The company traded as high as $46.19 and last traded at $45.24. 26,046 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 31,103 shares. The stock had previously closed at $45.17.

Analyst Ratings Changes

A number of research analysts have recently commented on BNT shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Brookfield Wealth Solutions in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of 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, According to MarketBeat.com, the company presently has an average rating of "Hold".

Brookfield Wealth Solutions Trading Up 0.2%

The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 199.59 and a beta of 1.57. The company has a 50-day moving average of $44.78 and a 200-day moving average of $40.86.

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

Brookfield Wealth Solutions Cuts Dividend

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

Institutional Trading of Brookfield Wealth Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of BNT. Montrusco Bolton Investments Inc. increased its holdings in Brookfield Wealth Solutions by 11.2% in the first quarter. Montrusco Bolton Investments Inc. now owns 168,631 shares of the company's stock valued at $8,811,000 after buying an additional 16,990 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Brookfield Wealth Solutions by 4.3% in the first quarter. Mackenzie Financial Corp now owns 52,429 shares of the company's stock valued at $2,740,000 after acquiring an additional 2,165 shares in the last quarter. TD Asset Management Inc boosted its stake in Brookfield Wealth Solutions by 1.8% during the first quarter. TD Asset Management Inc now owns 39,504 shares of the company's stock valued at $2,064,000 after buying an additional 688 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Brookfield Wealth Solutions by 8.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company's stock valued at $294,000 after purchasing an additional 388 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Brookfield Wealth Solutions by 1,235.2% during the second quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company's stock worth $75,000 after buying an additional 1,124 shares in the last quarter. 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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