Brookfield Reinsurance (NYSE:BNRE) Sees Large Volume Increase

Brookfield Reinsurance Ltd. (NYSE:BNRE) shares saw unusually-strong trading volume on Monday . Approximately 9,391 shares were traded during mid-day trading, an increase of 60% from the previous session’s volume of 5,873 shares.The stock last traded at $39.42 and had previously closed at $38.86.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Brookfield Reinsurance from a “c+” rating to a “b-” rating in a report on Friday, February 2nd.

Brookfield Reinsurance Stock Up 1.8 %

The business’s fifty day moving average price is $40.74 and its 200 day moving average price is $37.82. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 144.25 and a beta of 1.57. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.03.

Brookfield Reinsurance (NYSE:BNRE) last announced its earnings results on Thursday, February 8th. The company reported $0.07 EPS for the quarter. The business had revenue of $2.33 billion for the quarter. Brookfield Reinsurance had a net margin of 0.07% and a return on equity of 0.14%.

Brookfield Reinsurance Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a $0.08 dividend. This is a boost from Brookfield Reinsurance’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, March 12th. Brookfield Reinsurance’s payout ratio is currently 114.29%.

Hedge Funds Weigh In On Brookfield Reinsurance

Institutional investors have recently bought and sold shares of the company. Bank of Nova Scotia grew its stake in shares of Brookfield Reinsurance by 3,898.6% during the 4th quarter. Bank of Nova Scotia now owns 512,825 shares of the company’s stock worth $20,518,000 after purchasing an additional 500,000 shares during the period. Cowen AND Company LLC boosted its position in shares of Brookfield Reinsurance by 29.1% in the 4th quarter. Cowen AND Company LLC now owns 49,885 shares of the company’s stock worth $2,014,000 after buying an additional 11,252 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Brookfield Reinsurance by 335.9% in the 3rd quarter. Toronto Dominion Bank now owns 1,578 shares of the company’s stock worth $50,000 after buying an additional 1,216 shares in the last quarter. CI Investments Inc. boosted its position in shares of Brookfield Reinsurance by 12.0% in the 3rd quarter. CI Investments Inc. now owns 178,792 shares of the company’s stock worth $5,627,000 after buying an additional 19,200 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its position in shares of Brookfield Reinsurance by 85.1% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 235,797 shares of the company’s stock worth $7,404,000 after buying an additional 108,404 shares in the last quarter. 7.19% of the stock is owned by institutional investors and hedge funds.

About Brookfield Reinsurance

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.