Brookfield Reinsurance (NYSE:BNRE) Hits New 1-Year High at $47.38

Shares of Brookfield Reinsurance Ltd. (NYSE:BNRE) hit a new 52-week high during trading on Tuesday . The stock traded as high as $47.38 and last traded at $47.38, with a volume of 1259 shares. The stock had previously closed at $46.90.

Brookfield Reinsurance Stock Up 0.6 %

The firm has a market cap of $6.86 billion, a P/E ratio of 162.14 and a beta of 1.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.31 and a current ratio of 0.31. The firm’s fifty day moving average is $43.21 and its 200 day moving average is $41.53.

Brookfield Reinsurance (NYSE:BNRE) last announced its earnings results on Thursday, May 9th. The company reported $0.08 EPS for the quarter. The business had revenue of $2.59 billion during the quarter. Brookfield Reinsurance had a net margin of 0.08% and a return on equity of 0.15%.

Brookfield Reinsurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.68%. The ex-dividend date was Thursday, June 13th. Brookfield Reinsurance’s dividend payout ratio (DPR) is 110.35%.

Institutional Trading of Brookfield Reinsurance

Several hedge funds and other institutional investors have recently bought and sold shares of BNRE. Swiss National Bank raised its stake in Brookfield Reinsurance by 7.6% in the 1st quarter. Swiss National Bank now owns 15,600 shares of the company’s stock worth $656,000 after purchasing an additional 1,100 shares in the last quarter. Triasima Portfolio Management inc. acquired a new stake in Brookfield Reinsurance in the 1st quarter worth about $1,335,000. Cowen AND Company LLC raised its stake in 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 purchasing an additional 11,252 shares in the last quarter. Finally, Bank of Nova Scotia raised its stake in Brookfield Reinsurance by 3,898.6% in 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 in the last quarter. Institutional investors and hedge funds own 7.19% of the company’s stock.

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.