Brookfield Wealth Solutions (NYSE:BNT) Sees Unusually-High Trading Volume – Here’s What Happened

Brookfield Wealth Solutions Ltd. (NYSE:BNT) saw unusually-strong trading volume on Friday . Approximately 22,465 shares changed hands during mid-day 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.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Brookfield Wealth Solutions in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

Brookfield Wealth Solutions Price Performance

The business has a 50 day moving average price of $46.61 and a 200 day moving average price of $45.56. The stock has a market capitalization of $16.36 billion, a PE ratio of 194.40 and a beta of 1.57.

Brookfield Wealth Solutions (NYSE:BNT) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.06 earnings per share (EPS) for the quarter. Brookfield Wealth Solutions had a net margin of 0.11% and a return on equity of 0.11%.

Brookfield Wealth Solutions Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, December 16th. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is 104.35%.

Institutional Trading of Brookfield Wealth Solutions

Several institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in shares of Brookfield Wealth Solutions by 1.5% in the third quarter. Principal Financial Group Inc. now owns 279,946 shares of the company’s stock worth $19,174,000 after purchasing an additional 4,118 shares during the last quarter. Vanguard Group Inc. increased its holdings in Brookfield Wealth Solutions by 1,507.2% in the 3rd quarter. Vanguard Group Inc. now owns 265,706 shares of the company’s stock worth $18,216,000 after buying an additional 249,174 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in Brookfield Wealth Solutions by 74.8% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 234,974 shares of the company’s stock worth $10,832,000 after buying an additional 100,537 shares during the last quarter. Tandem Capital Management Corp ADV lifted its stake in Brookfield Wealth Solutions by 44.3% during the 4th quarter. Tandem Capital Management Corp ADV now owns 154,562 shares of the company’s stock valued at $7,102,000 after acquiring an additional 47,484 shares during the period. Finally, TD Asset Management Inc lifted its stake in Brookfield Wealth Solutions by 183.8% during the 2nd quarter. TD Asset Management Inc now owns 112,106 shares of the company’s stock valued at $6,916,000 after acquiring an additional 72,602 shares during the period. 20.31% of the stock is currently owned by hedge funds and other 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.