Brookfield Reinsurance Reaches New 52-Week High: Is It Still a Good Investment?

Brookfield Reinsurance Ltd. (NYSE:BNRE) has recently reached a new 52-week high in its stock price during trading on Monday. The shares climbed to $54.73 and last traded at $54.59, with a trading volume of 5,135 shares. Previously, the stock closed at $53.40.

Stock Performance Overview

The market capitalization of Brookfield Reinsurance stands at approximately $7.94 billion. The stock has a price-to-earnings (P/E) ratio of 184.14, indicating a high valuation relative to its earnings. The stock demonstrates a beta of 1.53, suggesting it is more volatile than the market average. Its 50-day simple moving average is $50.69, while the 200-day simple moving average is $45.87.

Earnings Report

On August 8th, Brookfield Reinsurance announced its latest earnings results. The company reported earnings per share (EPS) of $0.08 for the quarter, along with a net profit margin of 0.10% and a return on equity of 0.14%. The quarterly revenue was noted at $2.90 billion.

Dividend Information

Brookfield Reinsurance also released its quarterly dividend announcement. A dividend of $0.08 per share was declared and paid on September 27th. Investors who held shares until September 12th received this dividend. This brings the total annualized dividend to $0.32 per share, offering a yield of 0.59%. Notably, the company’s payout ratio stands at 110.34%, indicating that its dividend payments exceed its earnings.

Institutional Holdings

Recent changes in holdings by institutional investors and hedge funds have been noteworthy for Brookfield Reinsurance. Mackenzie Financial Corp increased its stake by 52.7% in the second quarter, now owning 18,575 shares valued at $773,000. Cowen and Company LLC raised its position by 2.0%, holding 50,885 shares worth $2,116,000. Triasima Portfolio Management Inc. significantly boosted its holdings by 74.0%, currently possessing 55,219 shares valued at $2,298,000. Other investors, including Bank of New York Mellon and Swiss National Bank, have also adjusted their positions during this time. Overall, institutional investors and hedge funds currently own about 7.19% of Brookfield Reinsurance's stock.

Company Profile

Brookfield Reinsurance Ltd. provides various insurance and reinsurance products to clients in the United States, Canada, and around the globe. Its operations are divided into three main segments: Direct Insurance, Reinsurance, and Pension Risk Transfer (PRT). The Direct Insurance segment deals with a wide range of products, including different types of life insurance (Whole, Universal, Variable Universal, and Credit Life), annuities, casualty insurance, property insurance, health insurance, and pension products.

Brookfield, Reinsurance, Stocks