Brookfield Reinsurance (NYSE:BNRE) Sees Strong Trading Volume

Shares of Brookfield Reinsurance Ltd. (NYSE:BNRE) saw strong trading volume on Tuesday . 31,753 shares were traded during 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 Analysts Forecast Growth

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

Brookfield Reinsurance Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.33 and a current ratio of 0.33. The company’s fifty day simple moving average is $40.80 and its 200-day simple moving average is $38.13. The company has a market capitalization of $6.05 billion, a P/E ratio of 148.82 and a beta of 1.55.

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

Brookfield Reinsurance Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were given a $0.08 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from Brookfield Reinsurance’s previous quarterly dividend of $0.07. Brookfield Reinsurance’s payout ratio is presently 114.29%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in Brookfield Reinsurance by 335.9% in the 3rd quarter. Toronto Dominion Bank now owns 1,578 shares of the company’s stock worth $50,000 after purchasing an additional 1,216 shares in the last quarter. Whittier Trust Co. acquired a new stake in Brookfield Reinsurance in the 3rd quarter worth approximately $138,000. Triasima Portfolio Management inc. acquired a new stake in Brookfield Reinsurance in the 1st quarter worth approximately $1,335,000. Cowen AND Company LLC boosted its stake in Brookfield Reinsurance by 29.1% in the 4th quarter. Cowen AND Company LLC now owns 49,885 shares of the company’s stock worth $2,014,000 after purchasing an additional 11,252 shares in the last quarter. Finally, CI Investments Inc. boosted its stake in Brookfield Reinsurance by 12.0% in the 3rd 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 in the last quarter. Hedge funds and other 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.