Royal Bank of Canada Sells 6,139 Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Royal Bank of Canada lessened its holdings in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 727,077 shares of the company's stock after selling 6,139 shares during the quarter. Royal Bank of Canada owned 0.50% of Brookfield Wealth Solutions worth $41,762,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Proficio Capital Partners LLC lifted its stake in shares of Brookfield Wealth Solutions by 5,644.0% in the 4th quarter. Proficio Capital Partners LLC now owns 1,362,821 shares of the company's stock valued at $78,280,000 after acquiring an additional 1,339,095 shares during the last quarter. BROOKFIELD Corp ON lifted its stake in shares of Brookfield Wealth Solutions by 165.2% in the 4th quarter. BROOKFIELD Corp ON now owns 1,240,349 shares of the company's stock valued at $71,246,000 after acquiring an additional 772,648 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Brookfield Wealth Solutions by 8,323.4% in the 4th quarter. National Bank of Canada FI now owns 309,727 shares of the company's stock valued at $17,791,000 after acquiring an additional 306,050 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Brookfield Wealth Solutions in the 4th quarter valued at $16,544,000. Finally, Montrusco Bolton Investments Inc. lifted its stake in shares of Brookfield Wealth Solutions by 7.9% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 151,641 shares of the company's stock valued at $8,718,000 after acquiring an additional 11,064 shares during the last quarter. Institutional investors and hedge funds own 20.31% of the company's stock.

Brookfield Wealth Solutions Price Performance

Shares of BNT traded up $0.03 during trading hours on Friday, reaching $57.03. The stock had a trading volume of 13,590 shares, compared to its average volume of 15,779. Brookfield Wealth Solutions Ltd. has a 12 month low of $40.12 and a 12 month high of $62.72. The company has a market cap of $13.95 billion, a PE ratio of 178.22 and a beta of 1.59. The stock has a 50-day moving average price of $53.20.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last announced 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 business also recently announced 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 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is 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.