Short Interest in Brookfield Reinsurance Ltd. (NYSE:BNRE) Rises By 186.2%

Brookfield Reinsurance Ltd. (NYSE:BNRE) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 37,200 shares, an increase of 186.2% from the May 31st total of 13,000 shares. Based on an average trading volume of 8,100 shares, the short-interest ratio is presently 4.6 days. Currently, 0.3% of the company’s stock are short sold.

Brookfield Reinsurance Stock Down 0.8 %

Shares of BNRE traded down $0.34 during mid-day trading on Friday, hitting $41.35. 2,678 shares of the company’s stock were exchanged, compared to its average volume of 7,179. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 142.59 and a beta of 1.56. Brookfield Reinsurance has a twelve month low of $29.00 and a twelve month high of $45.11. The firm has a fifty day moving average of $42.43 and a two-hundred day moving average of $40.92. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.03.

Brookfield Reinsurance (NYSE:BNRE) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.08 earnings per share for the quarter. Brookfield Reinsurance had a return on equity of 0.15% and a net margin of 0.08%. The business had revenue of $2.59 billion for the quarter.

Brookfield Reinsurance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.77%. Brookfield Reinsurance’s dividend payout ratio (DPR) is presently 110.35%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank increased its position in shares of Brookfield Reinsurance by 335.9% during the third 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 period. Cowen AND Company LLC increased its holdings in 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 buying an additional 11,252 shares during the period. 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 buying an additional 500,000 shares in the last quarter. Triasima Portfolio Management inc. bought a new position in shares of Brookfield Reinsurance during the 1st quarter worth about $1,335,000. Finally, Swiss National Bank increased its stake in Brookfield Reinsurance by 7.6% in the first quarter. Swiss National Bank now owns 15,600 shares of the company’s stock valued at $656,000 after acquiring an additional 1,100 shares during the period. Institutional investors own 7.19% of the company’s stock.

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.