Brookfield Reinsurance Ltd. (NYSE:BNRE – Get Free Report) 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 – Get Free Report) 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
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.
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