Brookfield Wealth Solutions Ltd. $BNT Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its holdings in Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 860,593 shares of the company’s stock after selling 19,036 shares during the period. Royal Bank of Canada owned approximately 0.25% of Brookfield Wealth Solutions worth $35,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Moerus Capital Management LLC grew its stake in Brookfield Wealth Solutions by 22.2% during the 4th quarter. Moerus Capital Management LLC now owns 1,187 shares of the company’s stock valued at $55,000 after acquiring an additional 216 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Brookfield Wealth Solutions by 1,235.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock worth $75,000 after purchasing an additional 1,124 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Brookfield Wealth Solutions by 45.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,978 shares of the company’s stock worth $91,000 after purchasing an additional 615 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of Brookfield Wealth Solutions by 49.9% during the 4th quarter. NBC Securities Inc. now owns 2,543 shares of the company’s stock worth $117,000 after purchasing an additional 846 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Brookfield Wealth Solutions by 49.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,658 shares of the company’s stock worth $122,000 after purchasing an additional 885 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Wealth Solutions Stock Performance

NYSE:BNT opened at $44.08 on Tuesday. The company’s 50-day moving average is $43.95 and its two-hundred day moving average is $44.51. Brookfield Wealth Solutions Ltd. has a 1-year low of $40.06 and a 1-year high of $49.86. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 176.30 and a beta of 1.49.

Brookfield Wealth Solutions (NYSE:BNT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $1.66 billion during the quarter. Brookfield Wealth Solutions had a net margin of 0.16% and a return on equity of 0.10%.

Brookfield Wealth Solutions Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.07 dividend. The ex-dividend date was Monday, June 15th. Brookfield Wealth Solutions’s dividend payout ratio is presently 112.00%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Brookfield Wealth Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

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.