BROOKFIELD Corp ON raised its position in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 165.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,240,349 shares of the company's stock after buying an additional 772,648 shares during the period. Brookfield Wealth Solutions comprises approximately 0.4% of BROOKFIELD Corp ON's holdings, making the stock its 28th largest holding. BROOKFIELD Corp ON owned about 0.85% of Brookfield Wealth Solutions worth $71,246,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Montrusco Bolton Investments Inc. boosted its holdings in Brookfield Wealth Solutions by 7.9% in the fourth 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 during the last quarter. Lincluden Management Ltd. acquired a new stake in shares of Brookfield Wealth Solutions during the 4th quarter worth approximately $83,000. Proficio Capital Partners LLC raised its stake in shares of Brookfield Wealth Solutions by 5,644.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,362,821 shares of the company's stock worth $78,280,000 after buying an additional 1,339,095 shares during the last quarter. Swiss National Bank lifted its holdings in Brookfield Wealth Solutions by 53.8% in the fourth quarter. Swiss National Bank now owns 38,600 shares of the company's stock valued at $2,219,000 after buying an additional 13,500 shares during the period. Finally, National Bank of Canada FI boosted its stake in Brookfield Wealth Solutions by 8,323.4% in the fourth quarter. National Bank of Canada FI now owns 309,727 shares of the company's stock valued at $17,791,000 after acquiring an additional 306,050 shares during the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.
Brookfield Wealth Solutions Stock Down 1.4 %
Shares of Brookfield Wealth Solutions stock opened at $54.65 on Tuesday. The company's fifty day simple moving average is $51.73. The company has a market cap of $7.95 billion, a PE ratio of 170.79 and a beta of 1.59. Brookfield Wealth Solutions Ltd. has a 52 week low of $40.12 and a 52 week high of $62.72.
Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last released its 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.66%. The ex-dividend date was Friday, March 14th. Brookfield Wealth Solutions's payout ratio is presently 112.50%.
About Brookfield Wealth Solutions
(
Free Report)
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.
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