Shares of Brookfield Reinsurance Ltd. (NYSE:BNRE - Get Free Report) rose 0.2% during mid-day trading on Wednesday . The company traded as high as $58.00 and last traded at $57.44. Approximately 7,386 shares were traded during trading, an increase of 16% from the average daily volume of 6,394 shares. The stock had previously closed at $57.35.
Brookfield Reinsurance Stock Up 0.2 %
The company's fifty day moving average is $57.54 and its 200 day moving average is $51.07. The stock has a market cap of $8.36 billion, a PE ratio of 198.08 and a beta of 1.53.
Institutional Trading of Brookfield Reinsurance
Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in Brookfield Reinsurance in the 2nd quarter worth $369,000. Triasima Portfolio Management inc. boosted its holdings in Brookfield Reinsurance by 74.0% in the second 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 during the last quarter. Cowen AND Company LLC grew its stake in 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 grew its stake in 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. Institutional investors and hedge funds own 7.19% of the company's stock.
Brookfield Reinsurance Company Profile
(
Get Free Report)
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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