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

Royal Bank of Canada reduced its stake in Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 2.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 860,593 shares of the company’s stock after selling 19,036 shares during the period. Royal Bank of Canada’s holdings in Brookfield Wealth Solutions were worth $35,629,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Moerus Capital Management LLC boosted its stake in Brookfield Wealth Solutions by 22.2% during the fourth 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 period. Russell Investments Group Ltd. raised its stake in shares of Brookfield Wealth Solutions by 8.8% in the 2nd 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 period. Bruni J V & Co. Co. lifted its holdings in shares of 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 worth $329,000 after acquiring an additional 422 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of 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 during the last quarter. Finally, Swiss National Bank boosted its position in shares of Brookfield Wealth Solutions by 2.1% during the 3rd quarter. Swiss National Bank now owns 38,300 shares of the company’s stock worth $2,627,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Brookfield Wealth Solutions Trading Up 2.0%

NYSE:BNT opened at $44.08 on Tuesday. The firm has a market cap of $14.90 billion, a PE ratio of 176.30 and a beta of 1.49. The stock has a fifty day moving average price of $43.95 and a 200 day moving average price of $44.51. Brookfield Wealth Solutions Ltd. has a 12-month low of $40.06 and a 12-month high of $49.86. 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 (NYSE:BNT) last released its earnings results on Thursday, May 14th. The company reported $0.07 EPS for the quarter. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.16%.The firm had revenue of $1.66 billion during the quarter.

Brookfield Wealth Solutions Announces Dividend

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

Analysts Set New Price Targets

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