Mackenzie Financial Corp Increases Position in Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Mackenzie Financial Corp boosted its holdings in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 49.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lincluden Management Ltd. bought a new position in shares of Brookfield Wealth Solutions in the fourth quarter valued at $83,000. Tower Research Capital LLC TRC lifted its position in Brookfield Wealth Solutions by 152.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,630 shares of the company's stock valued at $209,000 after acquiring an additional 2,190 shares in the last quarter. Barclays PLC lifted its position in Brookfield Wealth Solutions by 54.3% in the 4th quarter. Barclays PLC now owns 4,111 shares of the company's stock valued at $236,000 after acquiring an additional 1,447 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Brookfield Wealth Solutions by 78.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,566 shares of the company's stock valued at $262,000 after purchasing an additional 2,009 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Brookfield Wealth Solutions by 4.7% during the 4th quarter. Renaissance Technologies LLC now owns 8,900 shares of the company's stock worth $511,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 20.31% of the company's stock.

Brookfield Wealth Solutions Price Performance

Shares of Brookfield Wealth Solutions stock traded up $0.47 on Tuesday, hitting $58.23. The company had a trading volume of 4,295 shares, compared to its average volume of 15,712. Brookfield Wealth Solutions Ltd. has a 1 year low of $40.12 and a 1 year high of $62.72. The stock's 50 day simple moving average is $53.67. The firm has a market capitalization of $14.00 billion, a PE ratio of 181.97 and a beta of 1.59.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.09 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 0.62%. The ex-dividend date is Friday, June 13th. Brookfield Wealth Solutions's payout ratio is currently 109.09%.

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.