Brookfield Wealth Solutions (NYSE:BNT) Sees Large Volume Increase - Should You Buy?

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report) shares saw an uptick in 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 Trading Up 1.1 %

The business has a 50-day moving average of $54.01. The company has a market cap of $7.16 billion, a P/E ratio of 153.75 and a beta of 1.59.

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

Brookfield Wealth Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.73%. Brookfield Wealth Solutions's dividend payout ratio is 112.50%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

Hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in shares of Brookfield Wealth Solutions by 5,644.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,362,821 shares of the company's stock worth $78,280,000 after purchasing an additional 1,339,095 shares during the last quarter. BROOKFIELD Corp ON boosted its holdings in Brookfield Wealth Solutions by 165.2% in the fourth quarter. BROOKFIELD Corp ON now owns 1,240,349 shares of the company's stock worth $71,246,000 after purchasing an additional 772,648 shares in the last quarter. National Bank of Canada FI increased its position in Brookfield Wealth Solutions by 8,323.4% during the fourth quarter. National Bank of Canada FI now owns 309,727 shares of the company's stock worth $17,791,000 after buying an additional 306,050 shares during the last quarter. Bank of Montreal Can bought a new position in Brookfield Wealth Solutions during the fourth quarter valued at about $16,544,000. Finally, First Trust Advisors LP acquired a new stake in shares of Brookfield Wealth Solutions in the fourth quarter worth about $1,010,000. Institutional investors and hedge funds own 20.31% of the company's stock.

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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.