Schwartz Investment Counsel Inc. Buys 34,200 Shares of Brookfield Wealth Solutions Ltd. $BNT

Schwartz Investment Counsel Inc. increased its stake in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 64.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,398 shares of the company’s stock after buying an additional 34,200 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Brookfield Wealth Solutions were worth $4,016,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in shares of Brookfield Wealth Solutions by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 48,371 shares of the company’s stock worth $2,524,000 after purchasing an additional 3,283 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Brookfield Wealth Solutions by 1,235.2% in the second quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock valued at $75,000 after acquiring an additional 1,124 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Brookfield Wealth Solutions by 8.8% in the second quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company’s stock valued at $294,000 after acquiring an additional 388 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Brookfield Wealth Solutions in the 3rd quarter worth approximately $218,000. Finally, CIBC Asset Management Inc bought a new stake in Brookfield Wealth Solutions during the 3rd quarter worth approximately $216,000. 20.31% of the stock is currently owned by institutional investors.

Brookfield Wealth Solutions Stock Down 0.5%

Shares of Brookfield Wealth Solutions stock opened at $45.96 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.27. Brookfield Wealth Solutions Ltd. has a 12 month low of $37.71 and a 12 month high of $49.86. The business has a fifty day simple moving average of $43.56 and a 200 day simple moving average of $45.33. The stock has a market cap of $15.54 billion, a PE ratio of 191.51 and a beta of 1.51.

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 firm had revenue of $3.05 billion for the quarter. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.14%.

Brookfield Wealth Solutions Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.07 dividend. This is a positive change from Brookfield Wealth Solutions’s previous dividend of $0.06. The ex-dividend date of this dividend was Tuesday, March 17th. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is presently 116.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Weiss Ratings lowered shares of Brookfield Wealth Solutions from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, April 10th. Wall Street Zen lowered shares of Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Brookfield Wealth Solutions presently has a consensus 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.