Principal Financial Group Inc. Lowers Position in Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Principal Financial Group Inc. lessened its holdings in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 281,845 shares of the company's stock after selling 15,863 shares during the quarter. Principal Financial Group Inc. owned approximately 0.19% of Brookfield Wealth Solutions worth $14,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. BROOKFIELD Corp ON raised its position 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 valued at $71,246,000 after buying an additional 772,648 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Brookfield Wealth Solutions by 8,323.4% in the fourth quarter. National Bank of Canada FI now owns 309,727 shares of the company's stock worth $17,791,000 after buying an additional 306,050 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Brookfield Wealth Solutions during the fourth quarter worth $16,544,000. First Trust Advisors LP acquired a new stake in Brookfield Wealth Solutions during the fourth quarter valued at $1,010,000. Finally, Mackenzie Financial Corp grew its position in Brookfield Wealth Solutions by 49.3% during the fourth quarter. Mackenzie Financial Corp now owns 50,264 shares of the company's stock valued at $2,888,000 after buying an additional 16,599 shares during the period. Hedge funds and other institutional investors own 20.31% of the company's stock.

Brookfield Wealth Solutions Price Performance

BNT traded down $0.74 on Friday, reaching $63.09. 12,987 shares of the company's stock were exchanged, compared to its average volume of 8,942. The firm has a market capitalization of $15.17 billion, a PE ratio of 191.19 and a beta of 1.57. Brookfield Wealth Solutions Ltd. has a twelve month low of $42.31 and a twelve month high of $64.46. The business has a fifty day moving average price of $59.34. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last announced 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 0.11% and a return on equity of 0.13%.

Brookfield Wealth Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.57%. Brookfield Wealth Solutions's payout ratio 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.