Short Interest in Brookfield Reinsurance Ltd. (NYSE:BNRE) Rises By 18.4%

Brookfield Reinsurance Ltd. (NYSE:BNRE) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 27,000 shares, an increase of 18.4% from the July 31st total of 22,800 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is presently 5.6 days.

Brookfield Reinsurance Stock Up 1.7 %

BNRE stock traded up $0.84 on Monday, reaching $50.48. 3,800 shares of the company’s stock were exchanged, compared to its average volume of 6,368. The stock has a fifty day moving average of $45.53 and a 200-day moving average of $43.02. The firm has a market cap of $7.34 billion, a PE ratio of 174.07 and a beta of 1.53. Brookfield Reinsurance has a twelve month low of $29.00 and a twelve month high of $50.48.

Brookfield Reinsurance (NYSE:BNRE) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.08 earnings per share (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.

Hedge Funds Weigh In On Brookfield Reinsurance

Institutional investors have recently added to or reduced their stakes in the business. Cowen AND Company LLC boosted its holdings in Brookfield Reinsurance by 2.0% in 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. Swiss National Bank raised its position in shares of Brookfield Reinsurance by 7.6% during 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 period. Mackenzie Financial Corp grew its holdings in shares of Brookfield Reinsurance by 52.7% during the second quarter. Mackenzie Financial Corp now owns 18,575 shares of the company’s stock valued at $773,000 after buying an additional 6,410 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Brookfield Reinsurance during the second quarter valued at $369,000. Finally, Triasima Portfolio Management inc. raised its position in Brookfield Reinsurance by 74.0% during the second quarter. Triasima Portfolio Management inc. now owns 55,219 shares of the company’s stock valued at $2,298,000 after acquiring an additional 23,488 shares in the last quarter. 7.19% of the stock is currently owned by institutional investors and hedge funds.

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.