Schwartz Investment Counsel Inc. Lowers Stake in Brookfield Wealth Solutions Ltd. $BNT

by · The Markets Daily

Schwartz Investment Counsel Inc. lessened its holdings in Brookfield Wealth Solutions Ltd. (NYSE:BNT – Free Report) by 37.2% during the third quarter, Holdings Channel.com reports. The firm owned 53,198 shares of the company’s stock after selling 31,522 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Brookfield Wealth Solutions were worth $3,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Brookfield Wealth Solutions during the third quarter valued at approximately $218,000. Pettinga Financial Advisors LLC purchased a new stake in shares of Brookfield Wealth Solutions in the 3rd quarter worth approximately $205,000. Mackenzie Financial Corp increased its position in Brookfield Wealth Solutions by 12.6% during the 2nd quarter. Mackenzie Financial Corp now owns 59,021 shares of the company’s stock valued at $3,651,000 after buying an additional 6,592 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Brookfield Wealth Solutions by 8.8% during the second quarter. Russell Investments Group Ltd. now owns 4,773 shares of the company’s stock valued at $294,000 after buying an additional 388 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Brookfield Wealth Solutions by 400.6% during the second quarter. Legal & General Group Plc now owns 62,769 shares of the company’s stock valued at $3,873,000 after buying an additional 50,230 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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 data from MarketBeat.com, the stock has an average rating of “Buy”.

View Our Latest Report on BNT

Brookfield Wealth Solutions Stock Up 0.4%

Shares of BNT opened at $47.47 on Monday. Brookfield Wealth Solutions Ltd. has a twelve month low of $29.13 and a twelve month high of $49.86. The company has a market capitalization of $17.12 billion, a P/E ratio of 203.43 and a beta of 1.57. The firm has a 50 day moving average of $46.26 and a 200 day moving average of $45.24.

Brookfield Wealth Solutions (NYSE:BNT – Get Free Report) last issued its earnings results on Thursday, November 13th. The company reported $0.06 EPS for the quarter. Brookfield Wealth Solutions had a return on equity of 0.11% and a net margin of 0.11%.

Brookfield Wealth Solutions Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. Brookfield Wealth Solutions’s payout ratio is 104.35%.

About Brookfield Wealth Solutions

(Free Report)

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.

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