Brookfield Wealth Solutions (NYSE:BNT) Sets New 52-Week High - Time to Buy?

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report)'s stock price 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 trading hands. The stock had previously closed at $61.91.

Brookfield Wealth Solutions Price Performance

The firm has a market cap of $15.25 billion, a P/E ratio of 192.19 and a beta of 1.57. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.02. The stock's 50 day simple moving average is $58.01.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last announced its quarterly 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 declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.57%. Brookfield Wealth Solutions's dividend payout ratio is currently 109.09%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwest & Ethical Investments L.P. purchased a new stake in shares of Brookfield Wealth Solutions in the first quarter valued at about $77,000. NBC Securities Inc. boosted its stake in shares of Brookfield Wealth Solutions by 172,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,727 shares of the company's stock valued at $90,000 after buying an additional 1,726 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Brookfield Wealth Solutions by 152.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,630 shares of the company's stock valued at $209,000 after purchasing an additional 2,190 shares during the last quarter. Barclays PLC boosted its holdings in shares of Brookfield Wealth Solutions by 54.3% during the fourth quarter. Barclays PLC now owns 4,111 shares of the company's stock valued at $236,000 after acquiring an additional 1,447 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in Brookfield Wealth Solutions by 78.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,566 shares of the company's stock worth $262,000 after acquiring an additional 2,009 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.

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.