Brookfield Reinsurance (NYSE:BNRE) Reaches New 1-Year High at $53.28

Brookfield Reinsurance Ltd. (NYSE:BNRE)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $53.28 and last traded at $53.28, with a volume of 7239 shares. The stock had previously closed at $53.16.

Brookfield Reinsurance Stock Performance

The company has a market cap of $7.75 billion, a PE ratio of 183.90 and a beta of 1.53. The stock’s 50 day moving average price is $48.16 and its 200-day moving average price is $44.33.

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

Brookfield Reinsurance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.32 annualized dividend and a yield of 0.60%. Brookfield Reinsurance’s payout ratio is currently 110.34%.

Institutional Investors Weigh In On Brookfield Reinsurance

Several institutional investors have recently added to or reduced their stakes in BNRE. Swiss National Bank boosted its stake in shares of Brookfield Reinsurance by 7.6% during the 1st quarter. Swiss National Bank now owns 15,600 shares of the company’s stock valued at $656,000 after purchasing an additional 1,100 shares in the last quarter. Triasima Portfolio Management inc. boosted 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 valued at $2,298,000 after purchasing an additional 23,488 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Brookfield Reinsurance during the 2nd quarter valued at about $369,000. Cowen AND Company LLC boosted its stake in shares of Brookfield Reinsurance by 2.0% during the 2nd 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. Finally, Mackenzie Financial Corp boosted its stake in shares of Brookfield Reinsurance by 52.7% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 7.19% of the company’s stock.

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.