Brookfield Reinsurance (NYSE:BNRE) Sets New 1-Year High at $52.64

Brookfield Reinsurance Ltd. (NYSE:BNRE)’s stock price reached a new 52-week high on Monday . The stock traded as high as $52.64 and last traded at $52.64, with a volume of 8414 shares traded. The stock had previously closed at $52.33.

Brookfield Reinsurance Price Performance

The stock’s 50-day moving average price is $47.40 and its 200 day moving average price is $43.85. The firm has a market capitalization of $7.66 billion, a PE ratio of 162.48 and a beta of 1.53.

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

Brookfield Reinsurance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, September 12th. Brookfield Reinsurance’s payout ratio is 110.34%.

Institutional Investors Weigh In On Brookfield Reinsurance

Several large investors have recently modified their holdings of the business. Bank of Nova Scotia raised its stake in Brookfield Reinsurance by 3,898.6% in the fourth quarter. Bank of Nova Scotia now owns 512,825 shares of the company’s stock worth $20,518,000 after buying an additional 500,000 shares in the last quarter. Triasima Portfolio Management inc. lifted its stake in shares of Brookfield Reinsurance by 74.0% during the 2nd quarter. Triasima Portfolio Management inc. now owns 55,219 shares of the company’s stock worth $2,298,000 after purchasing an additional 23,488 shares during the last quarter. Cowen AND Company LLC boosted its position in Brookfield Reinsurance by 2.0% during 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 in the last quarter. Mackenzie Financial Corp grew its stake in Brookfield Reinsurance by 52.7% in the second quarter. Mackenzie Financial Corp now owns 18,575 shares of the company’s stock valued at $773,000 after purchasing an additional 6,410 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Brookfield Reinsurance by 7.6% in 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 in the last quarter. 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.