Brookfield Wealth Solutions (NYSE:BNT) Hits New 12-Month Low - Here's What Happened

Key Points

• Brookfield Wealth Solutions shares fell 2.1%, touching a new 52-week low of $39.49 and last trading near $39.44, below its 50-day and 200-day moving averages.
• Analyst sentiment remains neutral: Wall Street Zen upgraded the stock from “sell” to “hold,” while Weiss Ratings reaffirmed a “hold” rating.
• The company reported quarterly EPS of $0.07, up from $0.06 a year earlier, and declared a $0.07 dividend payable September 29; its 107.69% payout ratio exceeds earnings.

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as $39.49 and last traded at $39.4350, with a volume of 15373 shares changing hands. The stock had previously closed at $40.24.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Brookfield Wealth Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, August 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Brookfield Wealth Solutions in a research report on Thursday, August 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".

Brookfield Wealth Solutions Stock Down 2.1%

The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $13.32 billion, a PE ratio of 151.68 and a beta of 1.46. The business's 50-day moving average price is $42.93 and its 200-day moving average price is $43.79.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $0.07 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 business earned $0.06 EPS.

Brookfield Wealth Solutions Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be given a $0.07 dividend. The ex-dividend date is Monday, September 14th. Brookfield Wealth Solutions's payout ratio is 107.69%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 561 shares during the period. Moerus Capital Management LLC raised its holdings in Brookfield Wealth Solutions by 22.2% during the 4th quarter. Moerus Capital Management LLC now owns 1,187 shares of the company's stock worth $55,000 after buying an additional 216 shares during the period. JPMorgan Chase & Co. lifted its stake in Brookfield Wealth Solutions by 1,235.2% in the second quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company's stock valued at $75,000 after buying an additional 1,124 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Brookfield Wealth Solutions by 45.1% in the fourth 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 period. Finally, CIBC Private Wealth Group LLC increased its position in shares of Brookfield Wealth Solutions by 49.9% during the fourth 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 in the last quarter. 20.31% of the stock is owned by institutional investors.

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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