Cibc World Market Inc. Buys 15,323 Shares of Brookfield Wealth Solutions Ltd. $BNT

Cibc World Market Inc. increased its stake in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 48.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BNT. Goldman Sachs Group Inc. boosted its position in shares of Brookfield Wealth Solutions by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 48,371 shares of the company’s stock worth $2,524,000 after acquiring an additional 3,283 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Brookfield Wealth Solutions by 1,235.2% during 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 last quarter. Russell Investments Group Ltd. lifted its position in Brookfield Wealth Solutions by 8.8% during the second quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company’s stock valued at $294,000 after purchasing an additional 388 shares during the last quarter. Allianz Asset Management GmbH bought a new position in Brookfield Wealth Solutions during the third quarter valued at $224,000. Finally, Vanguard Group Inc. lifted its position in Brookfield Wealth Solutions by 1,507.2% during the third quarter. Vanguard Group Inc. now owns 265,706 shares of the company’s stock valued at $18,216,000 after purchasing an additional 249,174 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BNT shares. Wall Street Zen lowered shares of Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings lowered shares of Brookfield Wealth Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Brookfield Wealth Solutions Price Performance

Brookfield Wealth Solutions stock opened at $45.52 on Wednesday. The firm has a 50-day moving average price of $44.87 and a 200-day moving average price of $45.32. The firm has a market capitalization of $15.39 billion, a PE ratio of 182.09 and a beta of 1.48. 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 Ltd. has a 12-month low of $38.43 and a 12-month high of $49.86.

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

Brookfield Wealth Solutions Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.07 dividend. The ex-dividend date is Monday, June 15th. Brookfield Wealth Solutions’s dividend payout ratio (DPR) is 112.00%.

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.