Nuveen Asset Management LLC Sells 44,222 Shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT)

Nuveen Asset Management LLC cut its position in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 48.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,727 shares of the company’s stock after selling 44,222 shares during the period. Nuveen Asset Management LLC’s holdings in Brookfield Wealth Solutions were worth $2,686,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Lincluden Management Ltd. purchased a new stake in shares of Brookfield Wealth Solutions during the fourth quarter valued at about $83,000. Tower Research Capital LLC TRC lifted its position in Brookfield Wealth Solutions by 152.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,630 shares of the company’s stock valued at $209,000 after acquiring an additional 2,190 shares during the last quarter. Barclays PLC boosted its stake in Brookfield Wealth Solutions by 54.3% in the fourth quarter. Barclays PLC now owns 4,111 shares of the company’s stock valued at $236,000 after acquiring an additional 1,447 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Brookfield Wealth Solutions by 78.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,566 shares of the company’s stock worth $262,000 after purchasing an additional 2,009 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Brookfield Wealth Solutions by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 8,900 shares of the company’s stock worth $511,000 after purchasing an additional 400 shares during the last quarter. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Wealth Solutions Price Performance

Shares of Brookfield Wealth Solutions stock opened at $57.82 on Tuesday. The company’s 50 day moving average is $53.59. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 180.69 and a beta of 1.59. Brookfield Wealth Solutions Ltd. has a 12-month low of $40.12 and a 12-month high of $62.72.

Brookfield Wealth Solutions (NYSE:BNT) last posted its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter. Brookfield Wealth Solutions had a net margin of 0.10% and a return on equity of 0.14%.

Brookfield Wealth Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued 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, June 13th. Brookfield Wealth Solutions’s dividend payout ratio is presently 109.09%.

Brookfield Wealth Solutions Profile

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.