Brookfield Reinsurance (NYSE:BNRE) Shares Up 0.5% - Should You Buy?

Key Points

• Brookfield Reinsurance Ltd. shares increased by 0.5% to close at $68.23, with a significant trading volume surge of 42% compared to the average.
• The company has a market capitalization of $9.93 billion and a remarkably high price-to-earnings ratio of 235.28.
• Brookfield Reinsurance operates through three segments: Direct Insurance, Reinsurance, and Pension Risk Transfer, offering a wide range of insurance products and services.

Brookfield Reinsurance Ltd. (NYSE:BNRE - )'s share price was up 0.5% during trading on Friday . The company traded as high as $68.41 and last traded at $68.23. Approximately 9,102 shares traded hands during trading, an increase of 42% from the average daily volume of 6,394 shares. The stock had previously closed at $67.88.

Brookfield Reinsurance Trading Up 0.5%

The stock's 50 day moving average price is $67.13 and its 200 day moving average price is $60.37. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 235.28 and a beta of 1.53.

About Brookfield Reinsurance

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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