Brookfield Wealth Solutions (NYSE:BNT) Trading 2.5% Higher - Here's Why

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report) was up 2.5% on Thursday . The stock traded as high as $64.22 and last traded at $64.18. Approximately 5,944 shares were traded during trading, a decline of 30% from the average daily volume of 8,547 shares. The stock had previously closed at $62.60.

Brookfield Wealth Solutions Price Performance

The company's fifty day moving average price is $58.65. The company has a market cap of $15.15 billion, a PE ratio of 190.91 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.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last announced its quarterly earnings data 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 firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors 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 dividend yield of 0.57%. Brookfield Wealth Solutions's dividend payout ratio is presently 109.09%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

Institutional investors have recently added to or reduced their stakes in the company. Northwest & Ethical Investments L.P. purchased a new stake in Brookfield Wealth Solutions in the 1st quarter worth approximately $77,000. NBC Securities Inc. lifted its position in shares of Brookfield Wealth Solutions by 172,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,727 shares of the company's stock worth $90,000 after purchasing an additional 1,726 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Brookfield Wealth Solutions by 152.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,630 shares of the company's stock worth $209,000 after purchasing an additional 2,190 shares during the period. Barclays PLC lifted its position in shares of Brookfield Wealth Solutions by 54.3% in the 4th quarter. Barclays PLC now owns 4,111 shares of the company's stock worth $236,000 after purchasing an additional 1,447 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Brookfield Wealth Solutions by 78.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,566 shares of the company's stock worth $262,000 after purchasing an additional 2,009 shares during the period. 20.31% of the stock is owned by 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.