Brookfield Reinsurance (NYSE:BNRE) Shares Up 1.4% - Still a Buy?

Key Points

• Brookfield Reinsurance's shares increased by 1.4%, reaching a high of $67.72 during trading, with a significant surge in trading volume of 478% compared to the average.
• The company, with a market cap of $9.77 billion, operates in three segments: Direct Insurance, Reinsurance, and Pension Risk Transfer (PRT), providing a diverse range of insurance products.
• Brookfield Reinsurance has a high P/E ratio of 231.59 and a beta of 1.53, indicating potential volatility in its stock performance.

Shares of Brookfield Reinsurance Ltd. (NYSE:BNRE - ) shot up 1.4% during trading on Thursday . The stock traded as high as $67.72 and last traded at $67.16. 36,946 shares were traded during mid-day trading, an increase of 478% from the average session volume of 6,394 shares. The stock had previously closed at $66.21.

Brookfield Reinsurance Stock Performance

The firm's 50-day moving average is $65.64 and its 200 day moving average is $58.62. The stock has a market cap of $9.77 billion, a PE ratio of 231.59 and a beta of 1.53.

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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