Royal Bank of Canada Lowers Stock Position in Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Royal Bank of Canada reduced its holdings in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 727,077 shares of the company's stock after selling 6,139 shares during the period. Royal Bank of Canada owned about 0.50% of Brookfield Wealth Solutions worth $41,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC grew its holdings in shares of Brookfield Wealth Solutions by 5,644.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,362,821 shares of the company's stock worth $78,280,000 after purchasing an additional 1,339,095 shares during the last quarter. BROOKFIELD Corp ON lifted its stake in Brookfield Wealth Solutions by 165.2% in the fourth quarter. BROOKFIELD Corp ON now owns 1,240,349 shares of the company's stock worth $71,246,000 after acquiring an additional 772,648 shares during the period. National Bank of Canada FI lifted its stake in 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 acquiring an additional 306,050 shares during the period. Bank of Montreal Can purchased a new stake in Brookfield Wealth Solutions in the fourth quarter worth $16,544,000. Finally, First Trust Advisors LP purchased a new stake in Brookfield Wealth Solutions in the fourth quarter worth $1,010,000. 20.31% of the stock is currently owned by institutional investors.

Brookfield Wealth Solutions Trading Up 1.0%

BNT stock traded up $0.58 on Tuesday, reaching $57.74. The company's stock had a trading volume of 2,018 shares, compared to its average volume of 15,634. The company has a fifty day moving average price of $53.26. Brookfield Wealth Solutions Ltd. has a 12-month low of $40.12 and a 12-month high of $62.72. The stock has a market capitalization of $14.12 billion, a price-to-earnings ratio of 180.44 and a beta of 1.59.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last announced its quarterly earnings data 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 0.62%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield Wealth Solutions's dividend payout ratio is currently 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.