Brookfield Wealth Solutions (NYSE:BNT) Sees Large Volume Increase – Still a Buy?

by · The Markets Daily

Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT – Get Free Report) saw strong trading volume on Wednesday . 61,742 shares were traded during mid-day trading, an increase of 297% from the previous session’s volume of 15,564 shares.The stock last traded at $46.58 and had previously closed at $44.70.

Brookfield Wealth Solutions Price Performance

The company has a market cap of $7.08 billion, a PE ratio of 152.00 and a beta of 1.59. The stock has a 50-day moving average of $54.21.

Brookfield Wealth Solutions (NYSE:BNT – Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter. Brookfield Wealth Solutions had a return on equity of 0.14% and a net margin of 0.10%.

Brookfield Wealth Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.74%. Brookfield Wealth Solutions’s payout ratio is presently 112.50%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in shares of Brookfield Wealth Solutions by 4.7% during the 4th quarter. Renaissance Technologies LLC now owns 8,900 shares of the company’s stock worth $511,000 after purchasing an additional 400 shares in the last quarter. Barclays PLC boosted its stake in shares of Brookfield Wealth Solutions by 54.3% in the fourth quarter. Barclays PLC now owns 4,111 shares of the company’s stock valued at $236,000 after buying an additional 1,447 shares during the period. Lincluden Management Ltd. acquired a new stake in Brookfield Wealth Solutions during the fourth quarter worth approximately $83,000. NBC Securities Inc. increased its stake in Brookfield Wealth Solutions by 172,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,727 shares of the company’s stock worth $90,000 after acquiring an additional 1,726 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in Brookfield Wealth Solutions by 78.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,566 shares of the company’s stock valued at $262,000 after acquiring an additional 2,009 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

About Brookfield Wealth Solutions

(Get Free Report)

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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