Brookfield Reinsurance Ltd. (NYSE:BNRE - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 9,391 shares were traded during trading, an increase of 60% from the previous session's volume of 5,873 shares.The stock last traded at $39.42 and had previously closed at $38.86.
Analyst Upgrades and Downgrades
Separately, TheStreet raised Brookfield Reinsurance from a "c+" rating to a "b-" rating in a research note on Friday, February 2nd.
Read Our Latest Stock Analysis on Brookfield Reinsurance
Brookfield Reinsurance Price Performance
The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 141.43 and a beta of 1.57. 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 company has a 50 day moving average of $40.71 and a 200 day moving average of $37.75.
Brookfield Reinsurance (NYSE:BNRE - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.07 earnings per share (EPS) for the quarter. Brookfield Reinsurance had a return on equity of 0.14% and a net margin of 0.07%. The firm had revenue of $2.33 billion for the quarter.
Brookfield Reinsurance Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a $0.08 dividend. This is an increase from Brookfield Reinsurance's previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.81%. Brookfield Reinsurance's dividend payout ratio (DPR) is currently 114.29%.
Institutional Trading of Brookfield Reinsurance
Several hedge funds and other institutional investors have recently modified their holdings of BNRE. Bank of Nova Scotia raised its stake in shares of Brookfield Reinsurance by 3,898.6% in the 4th quarter. Bank of Nova Scotia now owns 512,825 shares of the company's stock valued at $20,518,000 after purchasing an additional 500,000 shares during the period. Montrusco Bolton Investments Inc. grew its holdings in shares of Brookfield Reinsurance by 85.1% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 235,797 shares of the company's stock valued at $7,404,000 after acquiring an additional 108,404 shares in the last quarter. CI Investments Inc. grew its holdings in shares of Brookfield Reinsurance by 12.0% in the 3rd quarter. CI Investments Inc. now owns 178,792 shares of the company's stock valued at $5,627,000 after acquiring an additional 19,200 shares in the last quarter. Cowen AND Company LLC grew its holdings in shares of Brookfield Reinsurance by 29.1% in the 4th quarter. Cowen AND Company LLC now owns 49,885 shares of the company's stock valued at $2,014,000 after acquiring an additional 11,252 shares in the last quarter. Finally, Whittier Trust Co. bought a new position in shares of Brookfield Reinsurance in the 3rd quarter valued at about $138,000. Institutional investors and hedge funds own 7.19% of the company's stock.
About Brookfield Reinsurance
(
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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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