Cibc World Market Inc. Boosts Position in Brookfield Wealth Solutions Ltd. $BNT

Cibc World Market Inc. increased its stake in Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 48.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 47,175 shares of the company’s stock after acquiring an additional 15,323 shares during the quarter. Cibc World Market Inc.’s holdings in Brookfield Wealth Solutions were worth $2,172,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BNT. Vanguard Group Inc. increased its stake in Brookfield Wealth Solutions by 1,507.2% in the 3rd quarter. Vanguard Group Inc. now owns 265,706 shares of the company’s stock worth $18,216,000 after buying an additional 249,174 shares during the period. Norges Bank purchased a new position in Brookfield Wealth Solutions in the 4th quarter worth about $9,746,000. Montrusco Bolton Investments Inc. increased its stake in Brookfield Wealth Solutions by 74.8% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 234,974 shares of the company’s stock worth $10,832,000 after buying an additional 100,537 shares during the period. Tandem Capital Management Corp ADV increased its stake in Brookfield Wealth Solutions by 44.3% in the 4th quarter. Tandem Capital Management Corp ADV now owns 154,562 shares of the company’s stock worth $7,102,000 after buying an additional 47,484 shares during the period. Finally, Schwartz Investment Counsel Inc. increased its stake in Brookfield Wealth Solutions by 64.3% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 87,398 shares of the company’s stock worth $4,016,000 after buying an additional 34,200 shares during the period. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Analyst Ratings Changes

BNT has been the topic of several recent analyst reports. Weiss Ratings downgraded 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 downgraded shares of Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Brookfield Wealth Solutions Stock Up 3.3%

Shares of Brookfield Wealth Solutions stock opened at $45.52 on Wednesday. The firm’s 50 day moving average price is $44.87 and its 200-day moving average price is $45.32. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.29. Brookfield Wealth Solutions Ltd. has a 52-week low of $38.43 and a 52-week high of $49.86. The company has a market cap of $15.39 billion, a P/E ratio of 182.09 and a beta of 1.48.

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

Brookfield Wealth Solutions Announces Dividend

The business also recently announced 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 112.00%.

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.