Brookfield Reinsurance (NYSE:BNRE) Sees Large Volume Increase

Brookfield Reinsurance Ltd. (NYSE:BNREGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 3,860 shares changed hands during trading, a decline of 34% from the previous session’s volume of 5,830 shares.The stock last traded at $40.93 and had previously closed at $41.12.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of Brookfield Reinsurance from a “c+” rating to a “b-” rating in a research note on Friday, February 2nd.

Read Our Latest Report on Brookfield Reinsurance

Brookfield Reinsurance Trading Up 0.5 %

The company has a quick ratio of 0.30, a current ratio of 0.32 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $40.82 and a 200-day simple moving average of $37.08. The company has a market cap of $4.57 billion, a PE ratio of 145.18 and a beta of 1.57.

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

Brookfield Reinsurance Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Tuesday, March 12th. This is a boost from Brookfield Reinsurance’s previous quarterly dividend of $0.07. Brookfield Reinsurance’s dividend payout ratio is currently 114.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN acquired a new position in shares of Brookfield Reinsurance during the fourth quarter worth about $39,000. Toronto Dominion Bank lifted its position in Brookfield Reinsurance by 335.9% in the third quarter. Toronto Dominion Bank now owns 1,578 shares of the company’s stock valued at $50,000 after acquiring an additional 1,216 shares during the last quarter. Barclays PLC acquired a new position in Brookfield Reinsurance in the second quarter valued at $56,000. UBS Group AG boosted its position in shares of Brookfield Reinsurance by 30.8% in the 3rd quarter. UBS Group AG now owns 1,916 shares of the company’s stock valued at $60,000 after purchasing an additional 451 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in Brookfield Reinsurance during the 4th quarter worth approximately $76,000. 7.19% of the stock is owned by institutional investors and hedge funds.

About Brookfield Reinsurance

(Get Free Report)

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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