Principal Financial Group Inc. Decreases Holdings in Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Principal Financial Group Inc. reduced its position in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 5.3% during the first quarter, according to the company in 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 period. 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 institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Brookfield Wealth Solutions by 4.7% in the 4th quarter. Renaissance Technologies LLC now owns 8,900 shares of the company's stock worth $511,000 after buying an additional 400 shares during the last quarter. Barclays PLC raised its holdings in Brookfield Wealth Solutions by 54.3% in the 4th quarter. Barclays PLC now owns 4,111 shares of the company's stock worth $236,000 after purchasing an additional 1,447 shares during the period. NBC Securities Inc. raised its holdings in Brookfield Wealth Solutions by 172,600.0% in 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 during the period. TD Waterhouse Canada Inc. raised its holdings in Brookfield Wealth Solutions by 78.6% in the 4th 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 during the period. Finally, Tower Research Capital LLC TRC raised its holdings 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 worth $209,000 after purchasing an additional 2,190 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Wealth Solutions Trading Down 0.7%

Brookfield Wealth Solutions stock traded down $0.47 during trading on Tuesday, reaching $63.37. The company had a trading volume of 11,332 shares, compared to its average volume of 14,490. Brookfield Wealth Solutions Ltd. has a 52 week low of $42.31 and a 52 week high of $64.46. The business's 50-day moving average is $59.34. The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of 192.04 and a beta of 1.57. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.21 and a quick ratio of 0.21.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter. Brookfield Wealth Solutions had a return on equity of 0.13% and a net margin of 0.11%.

Brookfield Wealth Solutions Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.57%. Brookfield Wealth Solutions's dividend payout ratio (DPR) is presently 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.