Brookfield Reinsurance Ltd. (NYSE:BNRE - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $54.45 and last traded at $54.06, with a volume of 21739 shares traded. The stock had previously closed at $53.28.
Brookfield Reinsurance Trading Up 1.5 %
The firm has a market cap of $7.86 billion, a P/E ratio of 183.72 and a beta of 1.53. The company has a fifty day moving average price of $51.37 and a two-hundred day moving average price of $46.47.
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 return on equity of 0.14% and a net margin of 0.10%. The business had revenue of $2.90 billion for the quarter.
Brookfield Reinsurance Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 12th were paid 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 dividend yield of 0.59%. Brookfield Reinsurance's dividend payout ratio is currently 110.34%.
Institutional Trading of Brookfield Reinsurance
A number of institutional investors have recently modified their holdings of BNRE. Triasima Portfolio Management inc. raised its holdings 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 buying an additional 23,488 shares in the last quarter. Cowen AND Company LLC increased its holdings in Brookfield Reinsurance by 2.0% in 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. Mackenzie Financial Corp increased its stake in shares of 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 buying an additional 6,410 shares during the period. Swiss National Bank increased its stake in shares of Brookfield Reinsurance by 7.6% in the first quarter. Swiss National Bank now owns 15,600 shares of the company's stock valued at $656,000 after buying an additional 1,100 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Brookfield Reinsurance in the second quarter valued at about $369,000. 7.19% of the stock is currently owned by institutional investors.
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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