Brookfield Wealth Solutions (NYSE:BNT) Sees Strong Trading Volume – Here’s Why

Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) saw unusually-strong trading volume on Wednesday . Approximately 61,742 shares were traded during trading, an increase of 297% from the previous session’s volume of 15,564 shares.The stock last traded at $46.58 and had previously closed at $44.70.

Brookfield Wealth Solutions Price Performance

The firm has a market cap of $7.08 billion, a P/E ratio of 152.00 and a beta of 1.59. The firm has a 50 day moving average price of $54.21.

Brookfield Wealth Solutions (NYSE:BNT) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter. Brookfield Wealth Solutions had a return on equity of 0.14% and a net margin of 0.10%.

Brookfield Wealth Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, March 14th. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is currently 112.50%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BNT. NBC Securities Inc. grew its holdings in Brookfield Wealth Solutions by 172,600.0% during the first 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. Mackenzie Financial Corp boosted its stake in shares of Brookfield Wealth Solutions by 49.3% during the 4th quarter. Mackenzie Financial Corp now owns 50,264 shares of the company’s stock worth $2,888,000 after acquiring an additional 16,599 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Brookfield Wealth Solutions by 56.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,675 shares of the company’s stock worth $785,000 after acquiring an additional 4,953 shares during the last quarter. BROOKFIELD Corp ON lifted its holdings in Brookfield Wealth Solutions by 165.2% during the 4th quarter. BROOKFIELD Corp ON now owns 1,240,349 shares of the company’s stock valued at $71,246,000 after purchasing an additional 772,648 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Brookfield Wealth Solutions by 12.1% during the fourth quarter. Bank of America Corp DE now owns 30,842 shares of the company’s stock worth $1,772,000 after purchasing an additional 3,340 shares during the period. 20.31% of the stock is currently 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.