Brookfield Reinsurance (NYSE:BNRE) Shares Up 2.5% - Time to Buy?

Brookfield Reinsurance Ltd. (NYSE:BNRE - Get Free Report) shares traded up 2.5% during mid-day trading on Friday . The stock traded as high as $64.22 and last traded at $64.18. 5,944 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 6,394 shares. The stock had previously closed at $62.60.

Brookfield Reinsurance Price Performance

The stock has a market capitalization of $9.34 billion, a P/E ratio of 221.32 and a beta of 1.53. The company has a 50 day simple moving average of $58.17 and a 200-day simple moving average of $56.16.

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.