Legal & General Group Plc Acquires 29,431 Shares of Brookfield Wealth Solutions Ltd. $BNT

Legal & General Group Plc increased its holdings in Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 39.2% in the 4th quarter, Holdings Channel reports. The fund owned 104,568 shares of the company’s stock after buying an additional 29,431 shares during the quarter. Legal & General Group Plc’s holdings in Brookfield Wealth Solutions were worth $4,820,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in shares of Brookfield Wealth Solutions by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 279,946 shares of the company’s stock worth $19,174,000 after acquiring an additional 4,118 shares in the last quarter. Vanguard Group Inc. increased its stake in Brookfield Wealth Solutions by 1,507.2% during the 3rd 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 in the last quarter. Montrusco Bolton Investments Inc. increased its stake in Brookfield Wealth Solutions by 74.8% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 234,974 shares of the company’s stock valued at $10,832,000 after purchasing an additional 100,537 shares in the last quarter. Tandem Capital Management Corp ADV increased its stake in Brookfield Wealth Solutions by 44.3% during the 4th quarter. Tandem Capital Management Corp ADV now owns 154,562 shares of the company’s stock valued at $7,102,000 after purchasing an additional 47,484 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. increased its stake in Brookfield Wealth Solutions by 64.3% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 87,398 shares of the company’s stock valued at $4,016,000 after purchasing an additional 34,200 shares in the last quarter. 20.31% of the stock is currently owned by institutional investors.

Brookfield Wealth Solutions Stock Performance

BNT opened at $44.20 on Tuesday. 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 $38.25 and a 12-month high of $49.86. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 176.80 and a beta of 1.48. The company’s 50 day moving average is $44.77 and its 200 day moving average is $45.31.

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

Brookfield Wealth Solutions Dividend Announcement

The business 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 of this dividend is Monday, June 15th. Brookfield Wealth Solutions’s payout ratio is 112.00%.

Analysts Set New Price Targets

A number of analysts have weighed in on BNT shares. Weiss Ratings lowered 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 lowered shares of Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

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.