NBC Securities Inc. Has $90,000 Stake in Brookfield Wealth Solutions Ltd. (NYSE:BNT)

NBC Securities Inc. lifted its holdings in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 172,600.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,727 shares of the company’s stock after purchasing an additional 1,726 shares during the quarter. NBC Securities Inc.’s holdings in Brookfield Wealth Solutions were worth $90,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BNT. Lincluden Management Ltd. acquired a new stake in shares of Brookfield Wealth Solutions during the fourth quarter worth about $83,000. Tower Research Capital LLC TRC raised its position in shares of 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 worth $209,000 after purchasing an additional 2,190 shares during the period. Barclays PLC raised its position in shares of Brookfield Wealth Solutions by 54.3% during the fourth quarter. Barclays PLC now owns 4,111 shares of the company’s stock worth $236,000 after purchasing an additional 1,447 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of Brookfield Wealth Solutions by 78.6% during 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 period. Finally, Renaissance Technologies LLC raised its position in shares of Brookfield Wealth Solutions by 4.7% during 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 period. Institutional investors and hedge funds own 20.31% of the company’s stock.

Brookfield Wealth Solutions Stock Performance

NYSE BNT opened at $59.01 on Wednesday. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 184.41 and a beta of 1.58. The stock’s 50-day simple moving average is $54.27. Brookfield Wealth Solutions Ltd. has a one year low of $40.12 and a one year high of $62.72.

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

Brookfield Wealth Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, June 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.61%. Brookfield Wealth Solutions’s payout ratio is presently 109.09%.

Brookfield Wealth Solutions Company 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.