Brookfield Wealth Solutions Ltd. (NYSE:BNT) Holdings Trimmed by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its stake in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,727 shares of the company's stock after selling 44,222 shares during the period. Nuveen Asset Management LLC's holdings in Brookfield Wealth Solutions were worth $2,686,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BNT. Lincluden Management Ltd. bought a new stake in shares of Brookfield Wealth Solutions during the fourth quarter valued at approximately $83,000. Tower Research Capital LLC TRC raised its holdings in shares of Brookfield Wealth Solutions by 152.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,630 shares of the company's stock valued at $209,000 after buying an additional 2,190 shares during the last quarter. Barclays PLC raised its holdings in Brookfield Wealth Solutions by 54.3% during the fourth quarter. Barclays PLC now owns 4,111 shares of the company's stock worth $236,000 after purchasing an additional 1,447 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in Brookfield Wealth Solutions by 78.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,566 shares of the company's stock worth $262,000 after purchasing an additional 2,009 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Brookfield Wealth Solutions by 4.7% during the fourth 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

NYSE:BNT traded down $0.14 during midday trading on Wednesday, hitting $57.95. 14,269 shares of the stock were exchanged, compared to its average volume of 15,698. Brookfield Wealth Solutions Ltd. has a one year low of $40.12 and a one year high of $62.72. The company has a market cap of $13.93 billion, a P/E ratio of 181.10 and a beta of 1.59. The company's 50-day moving average price is $53.67.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last announced its 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.36 annualized dividend and a yield of 0.62%. Brookfield Wealth Solutions's dividend payout ratio (DPR) is 109.09%.

About Brookfield Wealth Solutions

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.