Legal & General Group Plc Increases Stock Position in Brookfield Wealth Solutions Ltd. $BNT

Legal & General Group Plc raised its position in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 39.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,568 shares of the company’s stock after buying an additional 29,431 shares during the period. Legal & General Group Plc’s holdings in Brookfield Wealth Solutions were worth $4,820,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BNT. Vanguard Group Inc. boosted its position in Brookfield Wealth Solutions by 1,507.2% during the 3rd quarter. Vanguard Group Inc. now owns 265,706 shares of the company’s stock valued at $18,216,000 after buying an additional 249,174 shares during the period. Montrusco Bolton Investments Inc. boosted its position in Brookfield Wealth Solutions by 74.8% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 234,974 shares of the company’s stock valued at $10,832,000 after buying an additional 100,537 shares during the period. Tandem Capital Management Corp ADV boosted its position in Brookfield Wealth Solutions by 44.3% during the 4th quarter. Tandem Capital Management Corp ADV now owns 154,562 shares of the company’s stock valued at $7,102,000 after buying an additional 47,484 shares during the period. Schwartz Investment Counsel Inc. boosted its position in Brookfield Wealth Solutions by 64.3% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 87,398 shares of the company’s stock valued at $4,016,000 after buying an additional 34,200 shares during the period. Finally, Ossiam purchased a new stake in Brookfield Wealth Solutions during the 3rd quarter valued at $2,219,000. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Brookfield Wealth Solutions Stock Down 0.5%

Shares of NYSE BNT opened at $44.20 on Tuesday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.29. Brookfield Wealth Solutions Ltd. has a 12 month low of $38.25 and a 12 month high of $49.86. The firm has a market capitalization of $14.94 billion, a PE ratio of 176.80 and a beta of 1.48. The firm has a fifty day simple moving average of $44.77 and a two-hundred day simple moving average of $45.31.

Brookfield Wealth Solutions (NYSE:BNT) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.07 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 declared a dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.07 dividend. The ex-dividend date is Monday, June 15th. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is presently 112.00%.

Wall Street Analysts Forecast Growth

BNT has been the subject of several analyst reports. Wall Street Zen cut shares of Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings lowered shares of Brookfield Wealth Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Brookfield Wealth Solutions currently has an average rating of “Hold”.

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.