Legal & General Group Plc increased its position in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 84.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,539 shares of the company's stock after buying an additional 5,757 shares during the quarter. Legal & General Group Plc's holdings in Brookfield Wealth Solutions were worth $721,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Lincluden Management Ltd. acquired a new stake in shares of Brookfield Wealth Solutions during the fourth quarter worth about $83,000. Geode Capital Management LLC raised its stake in Brookfield Wealth Solutions by 143.9% during the 4th quarter. Geode Capital Management LLC now owns 23,990 shares of the company's stock valued at $1,378,000 after acquiring an additional 14,155 shares during the last quarter. Swiss National Bank lifted its position in Brookfield Wealth Solutions by 53.8% during the 4th quarter. Swiss National Bank now owns 38,600 shares of the company's stock worth $2,219,000 after acquiring an additional 13,500 shares during the period. Montrusco Bolton Investments Inc. grew its stake in shares of 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 purchasing an additional 11,064 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Brookfield Wealth Solutions in the fourth quarter valued at approximately $16,544,000. Institutional investors and hedge funds own 20.31% of the company's stock.
Brookfield Wealth Solutions Stock Performance
Shares of NYSE BNT traded up $1.56 during mid-day trading on Friday, hitting $55.61. 16,508 shares of the company were exchanged, compared to its average volume of 16,646. The business's 50 day moving average is $51.79. Brookfield Wealth Solutions Ltd. has a 1-year low of $40.12 and a 1-year high of $62.72. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 173.79 and a beta of 1.59.
Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.08 EPS for the quarter. Brookfield Wealth Solutions had a net margin of 0.10% and a return on equity of 0.14%.
Brookfield Wealth Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.65%. The ex-dividend date was Friday, March 14th. Brookfield Wealth Solutions's payout ratio is 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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