Mackenzie Financial Corp Acquires 16,599 Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Mackenzie Financial Corp grew its position in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 49.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,264 shares of the company's stock after purchasing an additional 16,599 shares during the quarter. Mackenzie Financial Corp's holdings in Brookfield Wealth Solutions were worth $2,888,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BNT. Lincluden Management Ltd. bought a new position in Brookfield Wealth Solutions during the fourth quarter worth $83,000. Proficio Capital Partners LLC boosted its stake in 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 acquiring an additional 1,339,095 shares in the last quarter. Swiss National Bank boosted 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. National Bank of Canada FI boosted its stake in 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. Finally, Geode Capital Management LLC boosted its stake in Brookfield Wealth Solutions by 143.9% during the fourth quarter. Geode Capital Management LLC now owns 23,990 shares of the company's stock worth $1,378,000 after acquiring an additional 14,155 shares in the last quarter. 20.31% of the stock is owned by institutional investors.

Brookfield Wealth Solutions Stock Performance

NYSE BNT traded up $0.15 on Friday, hitting $57.82. 37,750 shares of the company were exchanged, compared to its average volume of 15,411. The stock has a market capitalization of $14.14 billion, a P/E ratio of 180.69 and a beta of 1.59. Brookfield Wealth Solutions Ltd. has a 12 month low of $40.12 and a 12 month high of $62.72. The stock's fifty day moving average is $53.53.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter. Brookfield Wealth Solutions had a net margin of 0.10% and a return on equity of 0.14%.

Brookfield Wealth Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.62%. Brookfield Wealth Solutions's dividend payout ratio (DPR) is currently 109.09%.

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.