Brookfield Reinsurance (NYSE:BNRE) Sees Large Volume Increase

Shares of Brookfield Reinsurance Ltd. (NYSE:BNRE - Get Free Report) saw an uptick in trading volume on Tuesday . 31,753 shares traded hands during mid-day trading, an increase of 431% from the previous session's volume of 5,984 shares.The stock last traded at $40.39 and had previously closed at $40.87.

Analysts Set New Price Targets

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

Brookfield Reinsurance Stock Performance

The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 143.46 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 stock's 50 day moving average is $40.78 and its 200 day moving average is $38.05.

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

Brookfield Reinsurance Increases Dividend

The company 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. This is a boost from Brookfield Reinsurance's previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, March 12th. This represents a $0.32 annualized dividend and a yield of 0.80%. Brookfield Reinsurance's dividend payout ratio (DPR) is presently 114.29%.

Institutional Trading of Brookfield Reinsurance

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CI Investments Inc. increased its holdings in shares of Brookfield Reinsurance by 12.0% during 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 during the period. Toronto Dominion Bank increased its stake in 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 acquiring an additional 1,216 shares during the period. Whittier Trust Co. acquired a new position in Brookfield Reinsurance in the 3rd quarter valued at $138,000. Montrusco Bolton Investments Inc. lifted its position 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 valued at $7,404,000 after acquiring an additional 108,404 shares during the period. Finally, Triasima Portfolio Management inc. acquired a new stake in shares of Brookfield Reinsurance during the 1st quarter worth $1,335,000. Institutional investors and hedge funds own 7.19% of the company's stock.

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.