Toronto Dominion Bank Trims Stock Position in Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Toronto Dominion Bank decreased its position in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 56.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 145,521 shares of the company's stock after selling 185,681 shares during the period. Toronto Dominion Bank owned about 0.10% of Brookfield Wealth Solutions worth $8,359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in BNT. Lincluden Management Ltd. bought a new position in shares of Brookfield Wealth Solutions in the fourth quarter worth approximately $83,000. Proficio Capital Partners LLC boosted its holdings in 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 valued at $78,280,000 after acquiring an additional 1,339,095 shares in the last quarter. Swiss National Bank boosted its holdings in Brookfield Wealth Solutions by 53.8% in the fourth quarter. Swiss National Bank now owns 38,600 shares of the company's stock valued at $2,219,000 after acquiring an additional 13,500 shares in the last quarter. National Bank of Canada FI boosted its holdings 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 valued at $17,791,000 after acquiring an additional 306,050 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Brookfield Wealth Solutions by 143.9% in the fourth quarter. Geode Capital Management LLC now owns 23,990 shares of the company's stock valued at $1,378,000 after acquiring an additional 14,155 shares in the last quarter. Institutional investors own 20.31% of the company's stock.

Brookfield Wealth Solutions Stock Down 1.2%

NYSE:BNT traded down $0.72 during trading hours on Monday, hitting $57.18. The company had a trading volume of 15,450 shares, compared to its average volume of 15,730. The firm has a market cap of $13.75 billion, a P/E ratio of 178.69 and a beta of 1.59. The company's 50-day simple moving average is $53.53. Brookfield Wealth Solutions Ltd. has a 52 week low of $40.12 and a 52 week high of $62.72.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter. Brookfield Wealth Solutions had a net margin of 0.10% and a return on equity of 0.14%.

Brookfield Wealth Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Friday, June 13th. Brookfield Wealth Solutions's dividend payout ratio (DPR) is presently 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.