Montrusco Bolton Investments Inc. Purchases 16,990 Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Montrusco Bolton Investments Inc. boosted its holdings in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 11.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 168,631 shares of the company's stock after acquiring an additional 16,990 shares during the quarter. Montrusco Bolton Investments Inc. owned 0.12% of Brookfield Wealth Solutions worth $8,811,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. NBC Securities Inc. raised its stake in shares of Brookfield Wealth Solutions by 172,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,727 shares of the company's stock worth $90,000 after purchasing an additional 1,726 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Brookfield Wealth Solutions by 49.3% during the 4th quarter. Mackenzie Financial Corp now owns 50,264 shares of the company's stock worth $2,888,000 after purchasing an additional 16,599 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Brookfield Wealth Solutions by 56.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,675 shares of the company's stock worth $785,000 after purchasing an additional 4,953 shares in the last quarter. BROOKFIELD Corp ON raised its stake in shares of Brookfield Wealth Solutions by 165.2% during the 4th quarter. BROOKFIELD Corp ON now owns 1,240,349 shares of the company's stock worth $71,246,000 after purchasing an additional 772,648 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Brookfield Wealth Solutions by 12.1% during the 4th quarter. Bank of America Corp DE now owns 30,842 shares of the company's stock worth $1,772,000 after purchasing an additional 3,340 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Wealth Solutions Stock Down 1.2%

Shares of BNT traded down $0.83 during midday trading on Friday, reaching $67.17. 12,335 shares of the stock were exchanged, compared to its average volume of 11,046. Brookfield Wealth Solutions Ltd. has a 12-month low of $42.31 and a 12-month high of $68.87. The business has a 50 day simple moving average of $60.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market cap of $16.15 billion, a P/E ratio of 203.55 and a beta of 1.57.

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 net margin of 0.11% and a return on equity of 0.13%.

Brookfield Wealth Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, June 13th. Brookfield Wealth Solutions's dividend 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.