Bank of Montreal Can Acquires New Shares in Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Bank of Montreal Can acquired a new stake in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 288,001 shares of the company's stock, valued at approximately $16,544,000. Bank of Montreal Can owned approximately 0.20% of Brookfield Wealth Solutions at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Lincluden Management Ltd. bought a new position in Brookfield Wealth Solutions in the 4th quarter worth approximately $83,000. Geode Capital Management LLC increased its position in Brookfield Wealth Solutions by 143.9% in the fourth quarter. Geode Capital Management LLC now owns 23,990 shares of the company's stock worth $1,378,000 after purchasing an additional 14,155 shares during the period. Swiss National Bank raised its holdings in Brookfield Wealth Solutions by 53.8% during the 4th quarter. Swiss National Bank now owns 38,600 shares of the company's stock worth $2,219,000 after purchasing an additional 13,500 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its position in Brookfield Wealth Solutions by 7.9% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 151,641 shares of the company's stock valued at $8,718,000 after purchasing an additional 11,064 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of Brookfield Wealth Solutions by 8,323.4% in the 4th quarter. National Bank of Canada FI now owns 309,727 shares of the company's stock valued at $17,791,000 after purchasing an additional 306,050 shares during the last quarter. 20.31% of the stock is owned by institutional investors.

Brookfield Wealth Solutions Stock Performance

Shares of NYSE:BNT traded up $0.88 during trading on Friday, hitting $49.72. 15,645 shares of the company's stock were exchanged, compared to its average volume of 17,077. The company's 50-day moving average is $53.38. Brookfield Wealth Solutions Ltd. has a 1-year low of $38.27 and a 1-year high of $62.72. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 155.38 and a beta of 1.59.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter. Brookfield Wealth Solutions had a return on equity of 0.14% and a net margin of 0.10%.

Brookfield Wealth Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.09 per share. The ex-dividend date was Friday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.72%. Brookfield Wealth Solutions's payout ratio is currently 112.50%.

About Brookfield Wealth Solutions

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.