Brookfield Wealth Solutions (NYSE:BNT) Sees Unusually-High Trading Volume – Time to Buy?

Brookfield Wealth Solutions Ltd. (NYSE:BNT) saw unusually-strong trading volume on Tuesday . Approximately 26,874 shares traded hands during trading, an increase of 41% from the previous session’s volume of 19,120 shares.The stock last traded at $43.1150 and had previously closed at $42.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Brookfield Wealth Solutions in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Brookfield Wealth Solutions Price Performance

The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $15.68 billion, a PE ratio of 181.30 and a beta of 1.57. The stock has a 50-day moving average price of $46.41 and a 200 day moving average price of $45.82.

Brookfield Wealth Solutions (NYSE:BNT) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.06 earnings per share (EPS) for the quarter. Brookfield Wealth Solutions had a net margin of 0.14% and a return on equity of 0.10%. The firm had revenue of $3.05 billion for the quarter.

Brookfield Wealth Solutions Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is an increase from Brookfield Wealth Solutions’s previous dividend of $0.06. Brookfield Wealth Solutions’s payout ratio is currently 100.00%.

Institutional Trading of Brookfield Wealth Solutions

Institutional investors have recently made changes to their positions in the company. Partners Value Investments L.P. lifted its holdings in Brookfield Wealth Solutions by 50.0% in the 4th quarter. Partners Value Investments L.P. now owns 12,320,344 shares of the company’s stock valued at $566,120,000 after purchasing an additional 4,106,781 shares in the last quarter. BROOKFIELD Corp ON boosted its position in Brookfield Wealth Solutions by 50.0% during the fourth quarter. BROOKFIELD Corp ON now owns 1,355,764 shares of the company’s stock worth $62,297,000 after acquiring an additional 451,921 shares during the last quarter. Royal Bank of Canada raised its holdings in Brookfield Wealth Solutions by 50.3% in the 4th quarter. Royal Bank of Canada now owns 879,629 shares of the company’s stock valued at $40,418,000 after acquiring an additional 294,247 shares during the last quarter. Bank of Nova Scotia grew its position in shares of Brookfield Wealth Solutions by 50.0% in the fourth quarter. Bank of Nova Scotia now owns 750,004 shares of the company’s stock valued at $34,528,000 after purchasing an additional 250,001 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Brookfield Wealth Solutions by 1,507.2% in the third quarter. Vanguard Group Inc. now owns 265,706 shares of the company’s stock valued at $18,216,000 after purchasing an additional 249,174 shares in the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

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.