Principal Financial Group Inc. decreased its stake in Brookfield Wealth Solutions Ltd. (NYSE:BNT - Free Report) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 297,708 shares of the company's stock after selling 5,370 shares during the quarter. Principal Financial Group Inc. owned 0.20% of Brookfield Wealth Solutions worth $17,100,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Montrusco Bolton Investments Inc. boosted 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 worth $8,718,000 after acquiring an additional 11,064 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.
Brookfield Wealth Solutions Trading Up 1.4 %
NYSE BNT traded up $0.78 during trading on Friday, reaching $57.84. 15,995 shares of the company's stock were exchanged, compared to its average volume of 10,346. Brookfield Wealth Solutions Ltd. has a fifty-two week low of $38.25 and a fifty-two week high of $62.72. The firm has a market capitalization of $8.41 billion, a PE ratio of 180.76 and a beta of 1.58.
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 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, March 14th. Brookfield Wealth Solutions's dividend payout ratio (DPR) is presently 112.50%.
About Brookfield Wealth Solutions
(
Free Report)
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.
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