Brookfield Wealth Solutions Ltd. $BNT Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lowered its stake in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 4.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 715,004 shares of the company’s stock after selling 35,000 shares during the quarter. Bank of Nova Scotia’s holdings in Brookfield Wealth Solutions were worth $29,675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Moerus Capital Management LLC raised its position 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 worth $55,000 after buying an additional 216 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Brookfield Wealth Solutions by 8.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company’s stock worth $294,000 after purchasing an additional 388 shares during the period. Bruni J V & Co. Co. grew its stake in Brookfield Wealth Solutions by 6.3% in the 4th quarter. Bruni J V & Co. Co. now owns 7,155 shares of the company’s stock valued at $329,000 after acquiring an additional 422 shares during the period. Wells Fargo & Company MN increased its holdings in Brookfield Wealth Solutions by 45.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,978 shares of the company’s stock worth $91,000 after acquiring an additional 615 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Brookfield Wealth Solutions by 2.1% during the third quarter. Swiss National Bank now owns 38,300 shares of the company’s stock valued at $2,627,000 after purchasing an additional 800 shares in 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 $42.53 on Friday. The stock has a market cap of $14.38 billion, a PE ratio of 170.14 and a beta of 1.49. 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 twelve month low of $40.06 and a twelve month high of $49.86. The stock has a fifty day simple moving average of $44.20 and a 200-day simple moving average of $44.76.

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

Brookfield Wealth Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BNT. Weiss Ratings cut shares of Brookfield Wealth Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Wall Street Zen cut shares of Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Brookfield Wealth Solutions presently has an average rating of “Hold”.

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.