Brookfield Reinsurance Ltd. (NYSE:BNRE) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its holdings in shares of Brookfield Reinsurance Ltd. (NYSE:BNRE - Free Report) by 66.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,575 shares of the company's stock after selling 23,165 shares during the period. Mackenzie Financial Corp owned about 0.11% of Brookfield Reinsurance worth $463,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BNRE. Barclays PLC purchased a new stake in shares of Brookfield Reinsurance in the second quarter worth $56,000. Whittier Trust Co. purchased a new stake in shares of Brookfield Reinsurance in the third quarter worth $138,000. Montrusco Bolton Investments Inc. increased its stake in shares of Brookfield Reinsurance by 85.1% in the third quarter. Montrusco Bolton Investments Inc. now owns 235,797 shares of the company's stock worth $7,404,000 after purchasing an additional 108,404 shares in the last quarter. CI Investments Inc. increased its stake in shares of Brookfield Reinsurance by 12.0% in the third quarter. CI Investments Inc. now owns 178,792 shares of the company's stock worth $5,627,000 after purchasing an additional 19,200 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Brookfield Reinsurance by 335.9% in the third quarter. Toronto Dominion Bank now owns 1,578 shares of the company's stock worth $50,000 after purchasing an additional 1,216 shares in the last quarter. 7.19% of the stock is owned by hedge funds and other institutional investors.

Brookfield Reinsurance Price Performance

Shares of NYSE:BNRE traded up $0.52 during midday trading on Friday, reaching $40.81. 2,659 shares of the company were exchanged, compared to its average volume of 5,405. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.03. The business's fifty day moving average is $40.76 and its two-hundred day moving average is $37.96. Brookfield Reinsurance Ltd. has a one year low of $29.00 and a one year high of $43.07. The stock has a market cap of $5.94 billion, a PE ratio of 145.75 and a beta of 1.57.

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

Brookfield Reinsurance Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 annualized dividend and a yield of 0.78%. This is a positive change from Brookfield Reinsurance's previous quarterly dividend of $0.07. Brookfield Reinsurance's dividend payout ratio (DPR) is 114.29%.

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 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.