Brookfield Wealth Solutions (NYSE:BNT) Shares Gap Up – Here’s What Happened

Brookfield Wealth Solutions Ltd. (NYSE:BNT) gapped up before the market opened on Tuesday . The stock had previously closed at $46.68, but opened at $49.30. Brookfield Wealth Solutions shares last traded at $48.9660, with a volume of 182 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Brookfield Wealth Solutions in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Brookfield Wealth Solutions presently has an average rating of “Buy”.

Brookfield Wealth Solutions Trading Up 0.2%

The company has a market cap of $17.74 billion, a P/E ratio of 210.82 and a beta of 1.57. The company’s fifty day moving average is $45.92 and its 200 day moving average is $44.78.

Brookfield Wealth Solutions (NYSE:BNT) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.06 earnings per share (EPS) 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 business also recently announced a dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 16th. Brookfield Wealth Solutions’s dividend payout ratio is currently 104.35%.

Hedge Funds Weigh In On Brookfield Wealth Solutions

A number of large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new stake in shares of Brookfield Wealth Solutions during the third quarter valued at approximately $316,000. Bank of America Corp DE raised its holdings in Brookfield Wealth Solutions by 35.2% during the 3rd quarter. Bank of America Corp DE now owns 17,907 shares of the company’s stock valued at $1,226,000 after buying an additional 4,661 shares during the last quarter. Algert Global LLC bought a new stake in Brookfield Wealth Solutions during the 3rd quarter valued at $200,000. Amundi purchased a new stake in Brookfield Wealth Solutions during the 3rd quarter valued at $334,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Brookfield Wealth Solutions by 14.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,279 shares of the company’s stock worth $499,000 after acquiring an additional 912 shares during the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

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.