TD Asset Management Inc Sells 42,776 Shares of Brookfield Wealth Solutions Ltd. $BNT

TD Asset Management Inc lessened its holdings in Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 38.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,330 shares of the company’s stock after selling 42,776 shares during the period. TD Asset Management Inc’s holdings in Brookfield Wealth Solutions were worth $4,754,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Brookfield Wealth Solutions by 1,507.2% in the third quarter. Vanguard Group Inc. now owns 265,706 shares of the company’s stock worth $18,216,000 after purchasing an additional 249,174 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Brookfield Wealth Solutions during the 3rd quarter worth $224,000. Principal Financial Group Inc. raised its stake in shares of Brookfield Wealth Solutions by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 279,946 shares of the company’s stock worth $19,174,000 after purchasing an additional 4,118 shares during the period. CIBC Asset Management Inc purchased a new position in shares of Brookfield Wealth Solutions in the 3rd quarter worth about $216,000. Finally, Sequoia Financial Advisors LLC bought a new position in Brookfield Wealth Solutions during the third quarter valued at about $218,000. 20.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brookfield Wealth Solutions in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Brookfield Wealth Solutions Stock Performance

NYSE BNT opened at $43.78 on Wednesday. The company’s 50 day moving average is $46.71 and its 200-day moving average is $45.82. The firm has a market cap of $15.79 billion, a P/E ratio of 182.40 and a beta of 1.57. Brookfield Wealth Solutions Ltd. has a 12-month low of $29.13 and a 12-month high of $49.86. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27.

Brookfield Wealth Solutions (NYSE:BNT) last issued its earnings results on Thursday, February 12th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $3.05 billion for the quarter. Brookfield Wealth Solutions had a net margin of 0.14% and a return on equity of 0.10%.

Brookfield Wealth Solutions Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $0.07 per share. This is a positive change from Brookfield Wealth Solutions’s previous dividend of $0.06. The ex-dividend date of this dividend is Tuesday, March 17th. Brookfield Wealth Solutions’s payout ratio is currently 100.00%.

Brookfield Wealth Solutions Company 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.