Brookfield Wealth Solutions (NYSE:BNT) Sees Strong Trading Volume – What’s Next?

Brookfield Wealth Solutions Ltd. (NYSE:BNT) saw strong trading volume on Thursday . 63,913 shares changed hands during mid-day trading, an increase of 190% from the previous session’s volume of 22,076 shares.The stock last traded at $43.2390 and had previously closed at $46.92.

Analyst Ratings Changes

BNT has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Brookfield Wealth Solutions in a report on Thursday. Wall Street Zen upgraded shares of Brookfield Wealth Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Brookfield Wealth Solutions Price Performance

The company’s 50-day simple moving average is $45.67 and its 200-day simple moving average is $42.81. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 188.06 and a beta of 1.57.

Brookfield Wealth Solutions (NYSE:BNT) last announced its earnings results on Thursday, November 13th. The company reported $0.06 earnings per share for the quarter. Brookfield Wealth Solutions had a net margin of 0.11% and a return on equity of 0.11%.

Brookfield Wealth Solutions Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, December 16th. Brookfield Wealth Solutions’s payout ratio is 104.35%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of BNT. Russell Investments Group Ltd. increased its holdings in Brookfield Wealth Solutions by 8.8% in the second quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company’s stock valued at $294,000 after buying an additional 388 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Brookfield Wealth Solutions by 1.8% in the 1st quarter. TD Asset Management Inc now owns 39,504 shares of the company’s stock valued at $2,064,000 after acquiring an additional 688 shares during the last quarter. Swiss National Bank raised its position in shares of Brookfield Wealth Solutions by 2.1% during the 3rd quarter. Swiss National Bank now owns 38,300 shares of the company’s stock valued at $2,627,000 after acquiring an additional 800 shares in the last quarter. UBS Group AG raised its position in shares of Brookfield Wealth Solutions by 1.6% during the 3rd quarter. UBS Group AG now owns 53,953 shares of the company’s stock valued at $3,695,000 after acquiring an additional 868 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Brookfield Wealth Solutions by 14.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,279 shares of the company’s stock worth $499,000 after purchasing an additional 912 shares during the period. 20.31% of the stock is currently owned by hedge funds and other 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.