Brookfield Wealth Solutions (NYSE:BNT) Shares Up 2.8% – Still a Buy?

Brookfield Wealth Solutions Ltd. (NYSE:BNT)’s stock price was up 2.8% during mid-day trading on Thursday . The company traded as high as $45.06 and last traded at $44.9650. Approximately 26,806 shares traded hands during trading, an increase of 37% from the average daily volume of 19,511 shares. The stock had previously closed at $43.75.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BNT shares. Wall Street Zen lowered Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings lowered Brookfield Wealth Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Brookfield Wealth Solutions Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 179.86 and a beta of 1.48. The company has a fifty day moving average price of $44.65 and a two-hundred day moving average price of $45.29.

Brookfield Wealth Solutions (NYSE:BNT) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.07 earnings per share for the quarter. The business had revenue of $1.66 billion during the quarter. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.16%.

Brookfield Wealth Solutions Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 15th. Brookfield Wealth Solutions’s payout ratio is 112.00%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in shares of Brookfield Wealth Solutions by 203.3% during the first quarter. EverSource Wealth Advisors LLC now owns 837 shares of the company’s stock worth $35,000 after purchasing an additional 561 shares during the period. Moerus Capital Management LLC raised its position in Brookfield Wealth Solutions by 22.2% during the fourth quarter. Moerus Capital Management LLC now owns 1,187 shares of the company’s stock valued at $55,000 after buying an additional 216 shares during the period. JPMorgan Chase & Co. raised its position 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 valued at $75,000 after buying an additional 1,124 shares during the period. Wells Fargo & Company MN raised its position in Brookfield Wealth Solutions by 45.1% during 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, NBC Securities Inc. raised its position in Brookfield Wealth Solutions by 49.9% during the fourth quarter. NBC Securities Inc. now owns 2,543 shares of the company’s stock valued at $117,000 after buying an additional 846 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.

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.