Brookfield Reinsurance (NYSE:BNRE) Reaches New 1-Year High at $43.12

Shares of Brookfield Reinsurance Ltd. (NYSE:BNRE - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $43.12 and last traded at $43.06, with a volume of 1125 shares traded. The stock had previously closed at $42.61.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Brookfield Reinsurance from a "c+" rating to a "b-" rating in a research report on Friday, February 2nd.

Brookfield Reinsurance Stock Up 2.6 %

The firm's 50-day simple moving average is $40.83 and its 200 day simple moving average is $38.30. The company has a market cap of $6.36 billion, a P/E ratio of 156.14 and a beta of 1.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.33 and a current ratio of 0.33.

Brookfield Reinsurance (NYSE:BNRE - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.07 EPS for the quarter. Brookfield Reinsurance had a net margin of 0.07% and a return on equity of 0.14%. The business had revenue of $2.33 billion during the quarter.

Brookfield Reinsurance Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This is a positive change from Brookfield Reinsurance's previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 0.73%. Brookfield Reinsurance's dividend payout ratio is presently 114.29%.

Hedge Funds Weigh In On Brookfield Reinsurance

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BNRE. Whittier Trust Co. acquired a new position in shares of Brookfield Reinsurance during the 3rd quarter worth about $138,000. Montrusco Bolton Investments Inc. boosted its stake in shares of Brookfield Reinsurance by 85.1% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 235,797 shares of the company's stock worth $7,404,000 after buying an additional 108,404 shares during the last quarter. CI Investments Inc. boosted its stake in shares of Brookfield Reinsurance by 12.0% during the 3rd quarter. CI Investments Inc. now owns 178,792 shares of the company's stock worth $5,627,000 after buying an additional 19,200 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Brookfield Reinsurance by 335.9% during the 3rd quarter. Toronto Dominion Bank now owns 1,578 shares of the company's stock worth $50,000 after buying an additional 1,216 shares during the last quarter. Finally, Cowen AND Company LLC boosted its stake in shares of Brookfield Reinsurance by 29.1% during the 4th quarter. Cowen AND Company LLC now owns 49,885 shares of the company's stock worth $2,014,000 after buying an additional 11,252 shares during the last quarter. 7.19% of the stock is owned by institutional investors and hedge funds.

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.