Brookfield Reinsurance (NYSE:BNRE) Sees Unusually-High Trading Volume

Brookfield Reinsurance Ltd. (NYSE:BNRE) saw unusually-strong trading volume on Tuesday . Approximately 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 Analysts Forecast Growth

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

Brookfield Reinsurance Stock Down 1.7 %

The company’s 50 day simple moving average is $40.78 and its 200-day simple moving average is $38.05. 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 firm has a market capitalization of $5.84 billion, a PE ratio of 145.96 and a beta of 1.57.

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 return on equity of 0.14% and a net margin of 0.07%. The company had revenue of $2.33 billion for the quarter.

Brookfield Reinsurance Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.08 per share. This is a positive change from Brookfield Reinsurance’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, March 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.80%. Brookfield Reinsurance’s payout ratio is presently 114.29%.

Hedge Funds Weigh In On Brookfield Reinsurance

Institutional investors have recently made changes to their positions in the stock. Bank of Nova Scotia increased its position in shares of Brookfield Reinsurance by 3,898.6% during the 4th quarter. Bank of Nova Scotia now owns 512,825 shares of the company’s stock valued at $20,518,000 after purchasing an additional 500,000 shares during the last quarter. Montrusco Bolton Investments Inc. boosted its stake in Brookfield Reinsurance by 85.1% in 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 in the last quarter. CI Investments Inc. grew its position in Brookfield Reinsurance by 12.0% during 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. Cowen AND Company LLC raised its stake in shares of Brookfield Reinsurance by 29.1% during the fourth quarter. Cowen AND Company LLC now owns 49,885 shares of the company’s stock worth $2,014,000 after acquiring an additional 11,252 shares in the last quarter. Finally, Triasima Portfolio Management inc. purchased a new position in shares of Brookfield Reinsurance during the first quarter worth approximately $1,335,000. Institutional investors 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.