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

Brookfield Wealth Solutions Ltd. (NYSE:BNT) shares saw unusually-strong trading volume on Friday . Approximately 11,761 shares were traded during trading, a decline of 32% from the previous session’s volume of 17,287 shares.The stock last traded at $46.18 and had previously closed at $46.57.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Brookfield Wealth Solutions in a research note on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Brookfield Wealth Solutions Trading Up 1.6%

The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 200.08 and a beta of 1.57. The company has a 50-day moving average of $45.86 and a 200-day moving average of $44.58.

Brookfield Wealth Solutions (NYSE:BNT) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.06 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 firm also recently declared a dividend, which was paid on Wednesday, December 31st. Stockholders 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 payout ratio is 104.35%.

Institutional Investors Weigh In On Brookfield Wealth Solutions

Several institutional investors and hedge funds have recently bought and sold shares of BNT. Susquehanna International Group LLP bought a new position in Brookfield Wealth Solutions in the third quarter worth about $316,000. Bank of America Corp DE raised its position in shares of 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 worth $1,226,000 after purchasing an additional 4,661 shares during the period. Algert Global LLC bought a new stake in shares of Brookfield Wealth Solutions in the 3rd quarter worth approximately $200,000. Amundi bought a new stake in shares of Brookfield Wealth Solutions in the 3rd quarter worth approximately $334,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Brookfield Wealth Solutions by 14.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,279 shares of the company’s stock valued at $499,000 after purchasing an additional 912 shares during the period. Institutional investors and hedge funds 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.