1 week Ago By Defense World Staff
Shares of Brookfield Reinsurance Ltd. ( NYSE:BNRE – Get Free Report ) rose 0.2% during mid-day trading on Wednesday .
The company traded as high as $58.00 and last traded at $57.44.
Approximately 7,386 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 6,394 shares. The stock had previously closed at $57.35.
Brookfield Reinsurance Trading Up 0.2 % The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 198.
08 and a beta of 1.53. The company’s 50 day moving average is $57.
40 and its 200-day moving average is $50.98. Institutional Inflows and Outflows A number of institutional investors have recently made changes to their positions in BNRE.
Mackenzie Financial Corp lifted its holdings in Brookfield Reinsurance by 52.7% during the 2nd quarter. Mackenzie Financial Corp now owns 18,575 shares of the company’s stock valued at $773,000 after purchasing an additional 6,410 shares during the last quarter.
Cowen AND Company LLC lifted its stake in shares of Brookfield Reinsurance by 2.0% during the 2nd quarter. Cowen AND Company LLC now owns 50,885 shares of the company’s stock worth $2,116,000 after buying an additional 1,000 shares during the last quarter.
Triasima Portfolio Management inc. boosted its holdings in shares of Brookfield Reinsurance by 74.0% during the 2nd quarter.
Triasima Portfolio Management inc. now owns 55,219 shares of the company’s stock worth $2,298,000 after buying an additional 23,488 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Brookfield Reinsurance in the 2nd quarter valued at about $369,000.
7.19% of the stock is owned by institutional investors and hedge funds. 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.
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