Brookfield Reinsurance Ltd. (NYSE:BNRE) Short Interest Up 18.2% in August

Brookfield Reinsurance Ltd. (NYSE:BNRE) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 21,400 shares, an increase of 18.2% from the August 15th total of 18,100 shares. Based on an average trading volume of 7,500 shares, the short-interest ratio is currently 2.9 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Brookfield Reinsurance

Several institutional investors have recently made changes to their positions in the stock. Brookfield Corp ON acquired a new position in Brookfield Reinsurance during the first quarter valued at approximately $45,556,000. Principal Financial Group Inc. acquired a new position in Brookfield Reinsurance during the fourth quarter valued at approximately $9,270,000. Verition Fund Management LLC acquired a new position in Brookfield Reinsurance during the fourth quarter valued at approximately $8,787,000. CI Investments Inc. acquired a new position in Brookfield Reinsurance during the fourth quarter valued at approximately $4,673,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Brookfield Reinsurance during the first quarter valued at approximately $4,469,000. 49.35% of the stock is currently owned by institutional investors.

Brookfield Reinsurance Stock Down 0.2 %

Shares of NYSE:BNRE opened at $36.36 on Tuesday. Brookfield Reinsurance has a 12-month low of $28.30 and a 12-month high of $48.43. The stock has a market cap of $379.96 million, a PE ratio of 86.57 and a beta of 1.47. The business has a 50 day moving average of $34.31 and a 200-day moving average of $32.72.

Brookfield Reinsurance (NYSE:BNRE) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $2.04 billion during the quarter. Brookfield Reinsurance had a return on equity of 0.34% and a net margin of 0.07%.

Brookfield Reinsurance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 14th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Wednesday, September 13th. Brookfield Reinsurance’s dividend payout ratio (DPR) is currently 66.67%.

About Brookfield Reinsurance

Brookfield Reinsurance Ltd., through its subsidiaries, provides annuity-based reinsurance products to insurance and reinsurance companies 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 life insurance, annuities, property and casualty insurance, health insurance, credit insurance, and pension products.