CI Investments Inc. Boosts Holdings in Brookfield Wealth Solutions Ltd. $BNT

CI Investments Inc. grew its stake in shares of Brookfield Wealth Solutions Ltd. (NYSE:BNT) by 35.5% in the first quarter, HoldingsChannel reports. The fund owned 190,208 shares of the company’s stock after buying an additional 49,804 shares during the quarter. CI Investments Inc.’s holdings in Brookfield Wealth Solutions were worth $7,875,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BNT. Moerus Capital Management LLC boosted its position in shares of Brookfield Wealth Solutions by 22.2% in the fourth quarter. Moerus Capital Management LLC now owns 1,187 shares of the company’s stock worth $55,000 after acquiring an additional 216 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Brookfield Wealth Solutions by 1,235.2% in 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 period. Wells Fargo & Company MN increased its position in Brookfield Wealth Solutions by 45.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,978 shares of the company’s stock worth $91,000 after purchasing an additional 615 shares during the last quarter. NBC Securities Inc. increased its position in Brookfield Wealth Solutions by 49.9% during the fourth quarter. NBC Securities Inc. now owns 2,543 shares of the company’s stock worth $117,000 after purchasing an additional 846 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Brookfield Wealth Solutions by 49.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,658 shares of the company’s stock worth $122,000 after purchasing an additional 885 shares during the period. 20.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities 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 report on Monday, May 18th. Wall Street Zen downgraded Brookfield Wealth Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Brookfield Wealth Solutions Stock Performance

NYSE BNT opened at $42.02 on Friday. The firm has a market capitalization of $14.20 billion, a P/E ratio of 168.08 and a beta of 1.49. Brookfield Wealth Solutions Ltd. has a 1-year low of $40.06 and a 1-year high of $49.86. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.21 and a quick ratio of 0.21. The business’s 50-day simple moving average is $44.26 and its 200-day simple moving average is $44.77.

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

Brookfield Wealth Solutions Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, June 15th. Brookfield Wealth Solutions’s payout ratio is 112.00%.

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.