Legal & General Group Plc Has $721,000 Stake in Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Legal & General Group Plc raised its position in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 84.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,539 shares of the company's stock after acquiring an additional 5,757 shares during the period. 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 modified their holdings of the company. Lincluden Management Ltd. acquired a new position in shares of Brookfield Wealth Solutions in the 4th quarter worth approximately $83,000. Montrusco Bolton Investments Inc. raised its stake in Brookfield Wealth Solutions by 7.9% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 151,641 shares of the company's stock worth $8,718,000 after acquiring an additional 11,064 shares in the last quarter. Swiss National Bank raised its stake in Brookfield Wealth Solutions by 53.8% during the fourth 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Brookfield Wealth Solutions by 143.9% during the fourth 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 period. Finally, Bank of Montreal Can bought a new stake in shares of Brookfield Wealth Solutions in the 4th quarter worth about $16,544,000. Institutional investors and hedge funds own 20.31% of the company's stock.

Brookfield Wealth Solutions Stock Performance

BNT stock traded up $0.36 during trading on Wednesday, hitting $53.81. 11,160 shares of the stock traded hands, compared to its average volume of 16,652. The stock has a market cap of $7.83 billion, a PE ratio of 168.16 and a beta of 1.59. Brookfield Wealth Solutions Ltd. has a one year low of $39.94 and a one year high of $62.72. The stock has a 50 day moving average of $52.01.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.08 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. Brookfield Wealth Solutions's payout ratio is presently 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.