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

Brookfield Wealth Solutions logo with Finance background

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

(Get Free Report)

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.

Further Reading

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