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

Brookfield Wealth Solutions Ltd. (NYSE:BNT) shares saw unusually-high trading volume on Friday . Approximately 22,465 shares changed hands during mid-day trading, an increase of 69% from the previous session’s volume of 13,286 shares.The stock last traded at $45.07 and had previously closed at $45.84.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Brookfield Wealth Solutions Trading Up 1.7%

The business has a fifty day moving average of $46.65 and a 200-day moving average of $45.55. The firm has a market cap of $16.25 billion, a PE ratio of 193.07 and a beta of 1.57.

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

Brookfield Wealth Solutions Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. Brookfield Wealth Solutions’s dividend payout ratio is currently 104.35%.

Institutional Trading of Brookfield Wealth Solutions

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Brookfield Wealth Solutions by 1,235.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock worth $75,000 after purchasing an additional 1,124 shares during the period. MAI Capital Management raised its stake in shares of Brookfield Wealth Solutions by 30,983.3% during the 3rd quarter. MAI Capital Management now owns 1,865 shares of the company’s stock worth $128,000 after acquiring an additional 1,859 shares in the last quarter. NBC Securities Inc. grew its stake in Brookfield Wealth Solutions by 49.9% during the 4th quarter. NBC Securities Inc. now owns 2,543 shares of the company’s stock worth $117,000 after buying an additional 846 shares during the last quarter. Algert Global LLC acquired a new stake in Brookfield Wealth Solutions in the 3rd quarter worth approximately $200,000. Finally, Pettinga Financial Advisors LLC purchased a new position in shares of Brookfield Wealth Solutions in the third quarter worth about $205,000. Institutional investors own 20.31% of the company’s stock.

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.