Brookfield Reinsurance Ltd. (NYSE:BNRE - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.73 and last traded at $54.59, with a volume of 5135 shares trading hands. The stock had previously closed at $53.40.
Brookfield Reinsurance Price Performance
The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 184.14 and a beta of 1.53. The stock's 50 day simple moving average is $50.69 and its two-hundred day simple moving average is $45.87.
Brookfield Reinsurance (NYSE:BNRE - Get Free Report) last announced its earnings results 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 for the quarter.
Brookfield Reinsurance Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 12th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.59%. Brookfield Reinsurance's payout ratio is 110.34%.
Hedge Funds Weigh In On Brookfield Reinsurance
Several institutional investors and hedge funds have recently modified their holdings of BNRE. Mackenzie Financial Corp increased its position in Brookfield Reinsurance by 52.7% in the 2nd quarter. Mackenzie Financial Corp now owns 18,575 shares of the company's stock valued at $773,000 after acquiring an additional 6,410 shares during the period. Cowen AND Company LLC boosted its position 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 worth $2,116,000 after purchasing an additional 1,000 shares in the last quarter. Triasima Portfolio Management inc. boosted its position 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 in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Brookfield Reinsurance in the 2nd quarter valued at about $369,000. Finally, Swiss National Bank raised its stake in Brookfield Reinsurance by 7.6% during the 1st quarter. Swiss National Bank now owns 15,600 shares of the company's stock worth $656,000 after buying an additional 1,100 shares during the period. 7.19% of the stock is currently owned by institutional investors and hedge funds.
About Brookfield Reinsurance
(
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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