Brookfield Reinsurance Reaches New 1-Year High - Here's Why

Brookfield Reinsurance Ltd. (NYSE:BNRE) has recently achieved a significant milestone, reaching a new 52-week high during trading on Monday. The stock peaked at $54.73 before settling at $54.59. During this trading session, a total of 5,135 shares changed hands, which indicates active market interest. The previous closing price for the stock was $53.40.

Brookfield Reinsurance Price Performance

The market capitalization of Brookfield Reinsurance stands at approximately $7.94 billion. The company possesses a price-to-earnings (P/E) ratio of 184.14, alongside a beta of 1.53, suggesting a higher level of volatility compared to the overall market. The stock's 50-day simple moving average is recorded at $50.69, while its 200-day simple moving average is at $45.87.

Recent Earnings Announcement

On August 8th, Brookfield Reinsurance released its earnings results for the quarter, reporting earnings per share (EPS) of $0.08. The company demonstrated a net margin of 0.10% and a return on equity of 0.14%. In this quarter, Brookfield Reinsurance reported total revenue of $2.90 billion.

Dividend Information

Additionally, Brookfield recently declared a quarterly dividend, which was paid out on September 27th. Shareholders on record as of September 12th received a dividend of $0.08 per share. The annualized dividend totals $0.32, yielding approximately 0.59%. The current payout ratio for Brookfield Reinsurance is 110.34%, indicating that it is distributing more earnings than it is generating.

Institutional Investments

Institutional investors and hedge funds have recently reevaluated their positions in Brookfield Reinsurance. For example, Mackenzie Financial Corp increased its stake by 52.7% in the second quarter, now owning 18,575 shares, valued at $773,000. Similarly, Cowen AND Company LLC has boosted its holdings by 2.0%, owning 50,885 shares worth $2,116,000. Moreover, Triasima Portfolio Management Inc. has raised its position by 74.0%, now controlling 55,219 shares, equivalent to $2,298,000. Other notable institutional actions include Bank of New York Mellon Corp acquiring a new stake worth approximately $369,000, and the Swiss National Bank increasing its shares by 7.6% to own 15,600 shares valued at $656,000. Currently, institutional investors and hedge funds hold around 7.19% of Brookfield Reinsurance stock.

Company Overview

Brookfield Reinsurance Ltd. provides a range of insurance and reinsurance products and services to individuals and institutions both in the United States and internationally. The company's business is divided into three segments: Direct Insurance, Reinsurance, and Pension Risk Transfer (PRT). The Direct Insurance segment covers a wide array of products, including whole, universal, and variable universal life insurance, along with annuities, casualty products, professional liability, property insurance, health insurance, credit insurance, and various pension products.

Investment Consideration

Before making an investment decision, potential investors should carefully analyze the current market conditions and the company's performance. While analysts currently hold a "hold" rating on Brookfield Reinsurance, they also highlight other stocks as potentially better investments.

Brookfield, Reinsurance, Stocks