First Trust Advisors LP Invests $1.01 Million in Brookfield Wealth Solutions Ltd. (NYSE:BNT)

First Trust Advisors LP acquired a new stake in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 17,553 shares of the company's stock, valued at approximately $1,010,000.

Several other hedge funds also recently modified their holdings of BNT. Swiss National Bank lifted its holdings in shares of Brookfield Wealth Solutions by 53.8% in the 4th quarter. Swiss National Bank now owns 38,600 shares of the company's stock worth $2,219,000 after purchasing an additional 13,500 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Brookfield Wealth Solutions by 84.9% in the fourth quarter. Legal & General Group Plc now owns 12,539 shares of the company's stock valued at $721,000 after buying an additional 5,757 shares in the last quarter. National Bank of Canada FI increased its position in shares of Brookfield Wealth Solutions by 8,323.4% during the fourth quarter. National Bank of Canada FI now owns 309,727 shares of the company's stock worth $17,791,000 after acquiring an additional 306,050 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Brookfield Wealth Solutions by 5,644.0% in the 4th quarter. Proficio Capital Partners LLC now owns 1,362,821 shares of the company's stock worth $78,280,000 after acquiring an additional 1,339,095 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its position in Brookfield Wealth Solutions by 7.9% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 151,641 shares of the company's stock valued at $8,718,000 after acquiring an additional 11,064 shares in the last quarter. Institutional investors own 20.31% of the company's stock.

Brookfield Wealth Solutions Stock Performance

BNT traded down $1.28 during midday trading on Friday, reaching $56.76. 10,991 shares of the company were exchanged, compared to its average volume of 16,324. The company has a market cap of $13.88 billion, a P/E ratio of 177.38 and a beta of 1.59. Brookfield Wealth Solutions Ltd. has a one year low of $40.12 and a one year high of $62.72. The stock has a fifty day moving average of $51.72.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) 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 will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield Wealth Solutions's payout ratio is currently 112.50%.

Brookfield Wealth Solutions 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.