Brookfield Reinsurance (NYSE:BNRE) Shares Down 0.8% - Here's What Happened

Key Points

• Brookfield Reinsurance's stock price decreased by 0.8% to $64.68, with trading volume dropping by 50% compared to its average session.
• The company has a market capitalization of $9.41 billion and a price-to-earnings ratio of 223.04, indicating a high valuation relative to its earnings.
• Brookfield Reinsurance operates in three segments: Direct Insurance, Reinsurance, and Pension Risk Transfer, providing a wide variety of insurance and reinsurance services.

Brookfield Reinsurance Ltd. (NYSE:BNRE - )'s stock price traded down 0.8% during trading on Wednesday . The company traded as low as $64.68 and last traded at $64.68. 3,199 shares were traded during trading, a decline of 50% from the average session volume of 6,394 shares. The stock had previously closed at $65.20.

Brookfield Reinsurance Stock Performance

The firm has a market cap of $9.41 billion, a PE ratio of 223.04 and a beta of 1.53. The company's 50-day simple moving average is $63.76 and its two-hundred day simple moving average is $57.95.

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.

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