Brookfield Reinsurance (NYSE:BNRE) Sets New 52-Week High at $50.50

Shares of Brookfield Reinsurance Ltd. (NYSE:BNRE) reached a new 52-week high during trading on Tuesday . The company traded as high as $50.50 and last traded at $50.11, with a volume of 788 shares. The stock had previously closed at $50.48.

Brookfield Reinsurance Stock Performance

The firm has a market cap of $6.92 billion, a P/E ratio of 164.10 and a beta of 1.53. The company’s 50 day moving average is $45.98 and its 200 day moving average is $43.17.

Brookfield Reinsurance (NYSE:BNRE) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $2.90 billion during the quarter. Brookfield Reinsurance had a return on equity of 0.14% and a net margin of 0.10%.

Brookfield Reinsurance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, September 12th. Brookfield Reinsurance’s payout ratio is currently 110.34%.

Institutional Trading of Brookfield Reinsurance

Several institutional investors have recently modified their holdings of BNRE. Bank of New York Mellon Corp acquired a new position in Brookfield Reinsurance during the 2nd quarter worth about $369,000. 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 acquiring an additional 1,100 shares during the last quarter. Mackenzie Financial Corp raised its position 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 worth $773,000 after acquiring an additional 6,410 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in shares of Brookfield Reinsurance in the first quarter worth approximately $1,335,000. Finally, Cowen AND Company LLC increased its position in Brookfield Reinsurance by 29.1% during the 4th quarter. Cowen AND Company LLC now owns 49,885 shares of the company’s stock valued at $2,014,000 after purchasing an additional 11,252 shares during the period. Institutional investors 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.