Brookfield Wealth Solutions (NYSE:BNT) Shares Climb 6.1% - Time to Buy?

Key Points

• Brookfield Wealth Solutions shares rose 6.1% to about $43.11, with trading volume 87% above its average.
• Analyst views are mixed, but the stock has a consensus Hold rating; its reported market capitalization was $14.57 billion and P/E ratio was 165.79.
• The company reported quarterly earnings of $0.07 per share, up from $0.06 a year earlier, and paid a $0.07-per-share dividend. Its dividend payout ratio was 107.69%.

Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report) traded up 6.1% during trading on Wednesday. The stock traded as high as $43.17 and last traded at $43.1050. Approximately 23,646 shares traded hands during trading, an increase of 87% from the average daily volume of 12,646 shares. The stock had previously closed at $40.61.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings cut shares of Brookfield Wealth Solutions from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, September 8th. Wall Street Zen raised shares of Brookfield Wealth Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Brookfield Wealth Solutions Stock Up 6.1%

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 company has a 50-day simple moving average of $38.20 and a two-hundred day simple moving average of $42.82. The stock has a market cap of $14.57 billion, a P/E ratio of 165.79 and a beta of 1.45.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.07 earnings per share for the quarter. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.15%. During the same quarter last year, the firm earned $0.06 earnings per share.

Brookfield Wealth Solutions Dividend Announcement

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

Institutional Investors Weigh In On Brookfield Wealth Solutions

Large investors have recently added to or reduced their stakes in the company. CI Investments Inc. boosted its holdings in shares of Brookfield Wealth Solutions by 35.5% during the first quarter. CI Investments Inc. now owns 190,208 shares of the company's stock worth $7,875,000 after purchasing an additional 49,804 shares during the period. Schwartz Investment Counsel Inc. increased its holdings in Brookfield Wealth Solutions by 14.2% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 103,883 shares of the company's stock valued at $3,794,000 after purchasing an additional 12,929 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Brookfield Wealth Solutions by 207.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 14,562 shares of the company's stock valued at $603,000 after purchasing an additional 9,827 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Brookfield Wealth Solutions during the 2nd quarter valued at about $362,000. Finally, Renaissance Technologies LLC increased its holdings in Brookfield Wealth Solutions by 102.4% during the 1st quarter. Renaissance Technologies LLC now owns 12,649 shares of the company's stock valued at $524,000 after purchasing an additional 6,400 shares during the period. Institutional investors own 20.31% of the company's stock.

About Brookfield Wealth Solutions

Brookfield Wealth Solutions NYSE: BNT is a financial services company that provides insurance and retirement solutions to individuals, institutions, and other organizations. Its business is focused on helping customers manage longevity, retirement income, and other long-term financial risks.

The company offers products and services including annuities, life insurance, pension risk-transfer solutions, and institutional retirement products. Through these offerings, Brookfield Wealth Solutions assumes and manages insurance and longevity risks while providing policyholders and retirement plans with long-term income solutions.

The company was previously known as Brookfield Reinsurance and operates within the broader Brookfield organization.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.