Brookfield Wealth Solutions (NYSE:BNT) Sets New 12-Month High - Here's What Happened

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $64.46 and last traded at $63.00, with a volume of 13162 shares traded. The stock had previously closed at $64.18.

Brookfield Wealth Solutions Trading Down 0.2%

The firm has a market cap of $15.12 billion, a PE ratio of 190.52 and a beta of 1.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a 50 day simple moving average of $58.65.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share 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 announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.57%. Brookfield Wealth Solutions's payout ratio is currently 109.09%.

Institutional Trading of Brookfield Wealth Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank raised its holdings in shares of Brookfield Wealth Solutions by 53.8% during the fourth quarter. Swiss National Bank now owns 38,600 shares of the company's stock worth $2,219,000 after purchasing an additional 13,500 shares during the period. BROOKFIELD Corp ON grew its position in shares of Brookfield Wealth Solutions by 165.2% during the fourth 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 last quarter. Mackenzie Financial Corp grew its position in Brookfield Wealth Solutions by 49.3% in the 4th quarter. Mackenzie Financial Corp now owns 50,264 shares of the company's stock valued at $2,888,000 after buying an additional 16,599 shares in the last quarter. Legal & General Group Plc grew its position in Brookfield Wealth Solutions by 84.9% in the 4th quarter. Legal & General Group Plc now owns 12,539 shares of the company's stock valued at $721,000 after buying an additional 5,757 shares in the last quarter. Finally, National Bank of Canada FI grew its position in 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 valued at $17,791,000 after buying an additional 306,050 shares in the last quarter. 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.