Brookfield Wealth Solutions (NYSE:BNT) Reaches New 1-Year High - Here's What Happened

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as $80.00 and last traded at $80.00, with a volume of 1833 shares changing hands. The stock had previously closed at $52.98.

Brookfield Wealth Solutions Trading Up 0.3 %

The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 166.72 and a beta of 1.59. The business's 50-day simple moving average is $52.13.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last posted its earnings results 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Friday, March 14th. Brookfield Wealth Solutions's payout ratio is 112.50%.

Institutional Inflows and Outflows

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