Brookfield Reinsurance (NYSE:BNRE) Reaches New 12-Month High at $43.12

Shares of Brookfield Reinsurance Ltd. (NYSE:BNRE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $43.12 and last traded at $43.06, with a volume of 1125 shares. The stock had previously closed at $42.61.

Analysts Set New Price Targets

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

Brookfield Reinsurance Trading Up 0.8 %

The stock has a market capitalization of $6.41 billion, a PE ratio of 157.36 and a beta of 1.55. The business’s fifty day moving average is $40.95 and its 200-day moving average is $38.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.03.

Brookfield Reinsurance (NYSE:BNRE) last issued its earnings results 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 for the quarter.

Brookfield Reinsurance Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Tuesday, March 12th. This is an increase from Brookfield Reinsurance’s previous quarterly dividend of $0.07. Brookfield Reinsurance’s dividend payout ratio is 114.29%.

Institutional Investors Weigh In On Brookfield Reinsurance

Large investors have recently made changes to their positions in the business. CI Investments Inc. boosted its position in Brookfield Reinsurance by 12.0% during 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 during the period. Toronto Dominion Bank raised its stake 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. Whittier Trust Co. acquired a new stake in Brookfield Reinsurance during the 3rd quarter valued at $138,000. Montrusco Bolton Investments Inc. lifted its holdings in Brookfield Reinsurance by 85.1% in the 3rd 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 in the last quarter. Finally, Swiss National Bank boosted its position in Brookfield Reinsurance by 7.6% in the 1st quarter. Swiss National Bank now owns 15,600 shares of the company’s stock valued at $656,000 after buying an additional 1,100 shares during the last quarter. 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.