Brookfield Wealth Solutions Ltd. $BNT Shares Sold by CI Investments Inc.

CI Investments Inc. cut its stake in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 36.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,270 shares of the company’s stock after selling 54,407 shares during the period. CI Investments Inc.’s holdings in Brookfield Wealth Solutions were worth $6,594,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 1,124 shares during the period. MAI Capital Management lifted its holdings in shares of Brookfield Wealth Solutions by 30,983.3% during the third quarter. MAI Capital Management now owns 1,865 shares of the company’s stock worth $128,000 after purchasing an additional 1,859 shares during the period. Pettinga Financial Advisors LLC purchased a new position in Brookfield Wealth Solutions in the 3rd quarter valued at $205,000. Becker Capital Management Inc. acquired a new position in Brookfield Wealth Solutions in the 3rd quarter valued at $216,000. Finally, CIBC Asset Management Inc purchased a new position in Brookfield Wealth Solutions during the 3rd quarter worth $216,000. 20.31% of the stock is owned by institutional investors and hedge funds.

Brookfield Wealth Solutions Trading Up 1.3%

Shares of Brookfield Wealth Solutions stock opened at $44.31 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.23. Brookfield Wealth Solutions Ltd. has a 1 year low of $29.13 and a 1 year high of $49.86. The business has a 50 day moving average price of $46.66 and a 200 day moving average price of $45.81. The company has a market capitalization of $15.98 billion, a P/E ratio of 184.62 and a beta of 1.57.

Brookfield Wealth Solutions (NYSE:BNT) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.06 EPS for the quarter. Brookfield Wealth Solutions had a return on equity of 0.10% and a net margin of 0.14%.The firm had revenue of $3.05 billion during the quarter.

Brookfield Wealth Solutions Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.07 per share. This is a positive change from Brookfield Wealth Solutions’s previous dividend of $0.06. The ex-dividend date is Tuesday, March 17th. Brookfield Wealth Solutions’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brookfield Wealth Solutions in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

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.