Brookfield Reinsurance (NYSE:BNRE) Sees Strong Trading Volume

Brookfield Reinsurance Ltd. (NYSE:BNRE) saw strong trading volume on Tuesday . 31,753 shares were traded 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.

Wall Street Analyst Weigh In

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

Brookfield Reinsurance Stock Performance

The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 145.96 and a beta of 1.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a fifty day moving average of $40.78 and a 200 day moving average of $38.05.

Brookfield Reinsurance (NYSE:BNRE) last issued its 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 business had revenue of $2.33 billion during the quarter.

Brookfield Reinsurance Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This is an increase from Brookfield Reinsurance’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 0.80%. Brookfield Reinsurance’s payout ratio is 114.29%.

Institutional Trading of Brookfield Reinsurance

Hedge funds and other institutional investors have recently made changes to their positions in the company. CI Investments Inc. lifted its holdings in Brookfield Reinsurance by 12.0% in the third 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 during the last quarter. Toronto Dominion Bank lifted its stake in shares of Brookfield Reinsurance by 335.9% in the 3rd quarter. Toronto Dominion Bank now owns 1,578 shares of the company’s stock valued at $50,000 after purchasing an additional 1,216 shares during the last quarter. Whittier Trust Co. purchased a new stake in Brookfield Reinsurance in the 3rd quarter valued at about $138,000. Montrusco Bolton Investments Inc. boosted its stake in Brookfield Reinsurance by 85.1% during the third 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 period. Finally, Triasima Portfolio Management inc. acquired a new stake in shares of Brookfield Reinsurance during the first quarter valued at about $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.