Triasima Portfolio Management inc. Reduces Stock Position in Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Triasima Portfolio Management inc. trimmed its position in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 31.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,951 shares of the company's stock after selling 13,921 shares during the period. Triasima Portfolio Management inc.'s holdings in Brookfield Wealth Solutions were worth $1,617,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Swiss National Bank lifted its stake in shares of Brookfield Wealth Solutions by 53.8% in the 4th quarter. Swiss National Bank now owns 38,600 shares of the company's stock worth $2,219,000 after acquiring an additional 13,500 shares during the period. BROOKFIELD Corp ON raised its holdings in Brookfield Wealth Solutions by 165.2% during the fourth quarter. BROOKFIELD Corp ON now owns 1,240,349 shares of the company's stock worth $71,246,000 after purchasing an additional 772,648 shares in the last quarter. Mackenzie Financial Corp lifted its position in Brookfield Wealth Solutions by 49.3% in the fourth quarter. Mackenzie Financial Corp now owns 50,264 shares of the company's stock valued at $2,888,000 after purchasing an additional 16,599 shares during the period. Legal & General Group Plc boosted its holdings in Brookfield Wealth Solutions by 84.9% in the 4th quarter. Legal & General Group Plc now owns 12,539 shares of the company's stock valued at $721,000 after purchasing an additional 5,757 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in 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 purchasing an additional 306,050 shares in the last quarter. 20.31% of the stock is owned by institutional investors and hedge funds.

Brookfield Wealth Solutions Price Performance

NYSE BNT traded up $2.40 on Wednesday, hitting $65.63. 22,376 shares of the company's stock were exchanged, compared to its average volume of 10,489. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 191.61 and a beta of 1.57. The firm has a 50-day moving average price of $59.70. Brookfield Wealth Solutions Ltd. has a fifty-two week low of $42.31 and a fifty-two week high of $65.63. 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 posted its quarterly earnings results 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 business 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 was Friday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.55%. Brookfield Wealth Solutions's 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.