CI Investments Inc. Decreases Stake in Brookfield Wealth Solutions Ltd. $BNT

CI Investments Inc. lessened its position in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 36.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Brookfield Wealth Solutions by 1,235.2% during the second quarter. JPMorgan Chase & Co. now owns 1,215 shares of the company’s stock worth $75,000 after purchasing an additional 1,124 shares in the last quarter. MAI Capital Management boosted its position in shares of Brookfield Wealth Solutions by 30,983.3% during the 3rd quarter. MAI Capital Management now owns 1,865 shares of the company’s stock worth $128,000 after acquiring an additional 1,859 shares in the last quarter. Pettinga Financial Advisors LLC acquired a new position in shares of Brookfield Wealth Solutions during the 3rd quarter worth about $205,000. Becker Capital Management Inc. purchased a new position in shares of Brookfield Wealth Solutions in the 3rd quarter valued at about $216,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Brookfield Wealth Solutions during the 3rd quarter worth about $216,000. 20.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brookfield Wealth Solutions in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Brookfield Wealth Solutions currently has an average rating of “Buy”.

Brookfield Wealth Solutions Trading Up 1.3%

NYSE:BNT opened at $44.31 on Thursday. The company has a market capitalization of $15.98 billion, a PE ratio of 184.62 and a beta of 1.57. Brookfield Wealth Solutions Ltd. has a 52-week low of $29.13 and a 52-week high of $49.86. The stock’s 50 day moving average price is $46.66 and its 200 day moving average price is $45.81. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27.

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

Brookfield Wealth Solutions Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a $0.07 dividend. 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 currently 100.00%.

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.