Brookfield Wealth Solutions (NYSE:BNT) Sees Unusually-High Trading Volume – Should You Buy?
by Renee Jackson · The Cerbat GemBrookfield Wealth Solutions Ltd. (NYSE:BNT – Get Free Report) saw unusually-high trading volume on Friday . Approximately 22,465 shares changed hands during trading, an increase of 69% from the previous session’s volume of 13,286 shares.The stock last traded at $45.07 and had previously closed at $45.84.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “buy (b)” rating on shares of Brookfield Wealth Solutions in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Brookfield Wealth Solutions currently has an average rating of “Buy”.
Read Our Latest Stock Report on BNT
Brookfield Wealth Solutions Price Performance
The stock has a market capitalization of $16.25 billion, a PE ratio of 193.07 and a beta of 1.57. The stock has a 50 day moving average of $46.65 and a two-hundred day moving average of $45.55.
Brookfield Wealth Solutions (NYSE:BNT – Get Free Report) last posted its earnings results on Thursday, November 13th. The company reported $0.06 earnings per share (EPS) for the quarter. Brookfield Wealth Solutions had a return on equity of 0.11% and a net margin of 0.11%.
Brookfield Wealth Solutions Announces Dividend
The firm also recently announced a dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is currently 104.35%.
Institutional Trading of Brookfield Wealth Solutions
A number of hedge funds have recently made changes to their positions in BNT. JPMorgan Chase & Co. lifted its stake in shares of Brookfield Wealth Solutions by 1,235.2% in the second quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock worth $75,000 after acquiring an additional 1,124 shares in the last quarter. MAI Capital Management raised its position in shares of Brookfield Wealth Solutions by 30,983.3% in the 3rd quarter. MAI Capital Management now owns 1,865 shares of the company’s stock valued at $128,000 after purchasing an additional 1,859 shares in the last quarter. NBC Securities Inc. grew its position in shares of Brookfield Wealth Solutions by 49.9% during the fourth quarter. NBC Securities Inc. now owns 2,543 shares of the company’s stock worth $117,000 after buying an additional 846 shares in the last quarter. Algert Global LLC bought a new stake in shares of Brookfield Wealth Solutions in the third quarter worth $200,000. Finally, Pettinga Financial Advisors LLC bought a new position in Brookfield Wealth Solutions during the 3rd quarter valued at $205,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.
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.