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

Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $62.73 and last traded at $62.73, with a volume of 14198 shares changing hands. The stock had previously closed at $61.91.

Brookfield Wealth Solutions Stock Performance

The company has a 50 day moving average of $58.45. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 194.49 and a beta of 1.57. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.21 and a quick ratio of 0.21.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter. Brookfield Wealth Solutions had a net margin of 0.11% and a return on equity of 0.13%.

Brookfield Wealth Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.09 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.56%. Brookfield Wealth Solutions's payout ratio is currently 109.09%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in Brookfield Wealth Solutions by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 8,900 shares of the company's stock valued at $511,000 after purchasing an additional 400 shares during the period. TD Asset Management Inc lifted its position in shares of Brookfield Wealth Solutions by 1.8% during the first quarter. TD Asset Management Inc now owns 39,504 shares of the company's stock worth $2,064,000 after purchasing an additional 688 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 purchasing an additional 1,447 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in shares of Brookfield Wealth Solutions in the first quarter valued at approximately $77,000. Finally, NBC Securities Inc. grew its holdings in shares of Brookfield Wealth Solutions by 172,600.0% in the first quarter. NBC Securities Inc. now owns 1,727 shares of the company's stock valued at $90,000 after purchasing an additional 1,726 shares in the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

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.