Brookfield Reinsurance Ltd. (NYSE:BNRE – Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $56.70 and last traded at $55.41, with a volume of 9406 shares trading hands. The stock had previously closed at $56.43.
Brookfield Reinsurance Trading Down 1.8 %
The company has a market cap of $8.06 billion, a PE ratio of 162.48 and a beta of 1.53. The business’s 50 day moving average is $50.04 and its two-hundred day moving average is $45.48.
Brookfield Reinsurance (NYSE:BNRE – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.08 EPS for the quarter. Brookfield Reinsurance had a return on equity of 0.14% and a net margin of 0.10%. The business had revenue of $2.90 billion for the quarter.
Brookfield Reinsurance Announces Dividend
Hedge Funds Weigh In On Brookfield Reinsurance
Several institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its holdings in shares of Brookfield Reinsurance by 52.7% during the 2nd quarter. Mackenzie Financial Corp now owns 18,575 shares of the company’s stock worth $773,000 after acquiring an additional 6,410 shares in the last quarter. Swiss National Bank increased its position in Brookfield Reinsurance by 7.6% in the first quarter. Swiss National Bank now owns 15,600 shares of the company’s stock worth $656,000 after purchasing an additional 1,100 shares during the last quarter. Triasima Portfolio Management inc. increased its position in Brookfield Reinsurance by 74.0% in the second quarter. Triasima Portfolio Management inc. now owns 55,219 shares of the company’s stock worth $2,298,000 after purchasing an additional 23,488 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Brookfield Reinsurance during the second quarter valued at $369,000. Finally, Cowen AND Company LLC lifted its position in Brookfield Reinsurance by 2.0% during the second quarter. Cowen AND Company LLC now owns 50,885 shares of the company’s stock valued at $2,116,000 after purchasing an additional 1,000 shares during the last quarter. 7.19% of the stock is owned by hedge funds and other institutional investors.
Brookfield Reinsurance Company Profile
Brookfield Reinsurance Ltd., through its subsidiaries, provides insurance and reinsurance services to individuals and institutions in the United States, Canada, and internationally. The company operates in three segments: Direct Insurance, Reinsurance, and Pension Risk Transfer (PRT). The Direct Insurance segment offers a range of insurance products and services including Whole, Universal, Variable Universal, and Credit Life insurance products; deferred, single premium immediate, and variable annuities; primary and excess casualty products, such as specialty casualty, construction defect, general liability, commercial multi-peril, workers compensation, product liability, environmental liability, and auto liability; professional liability including management, transaction, and errors and omissions liability; property insurance for homeowners and renters, inland marine, and auto physical damages; surety, animal mortality, and ocean marine insurance; and health insurance, credit insurance, and pension products.
Featured Stories
- Five stocks we like better than Brookfield Reinsurance
- Most active stocks: Dollar volume vs share volume
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- EV Stocks and How to Profit from Them
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for Brookfield Reinsurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Reinsurance and related companies with MarketBeat.com's FREE daily email newsletter.