Brookfield Reinsurance (NYSE:BNRE) Stock Price Up 0.6% – Still a Buy?

Brookfield Reinsurance Ltd. (NYSE:BNRE)’s share price traded up 0.6% during trading on Wednesday . The company traded as high as $47.04 and last traded at $46.68. 13,374 shares changed hands during mid-day trading, an increase of 109% from the average session volume of 6,394 shares. The stock had previously closed at $46.40.

Brookfield Reinsurance Trading Up 0.6%

The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 160.97 and a beta of 1.53. The firm’s 50 day simple moving average is $48.72 and its 200-day simple moving average is $58.79.

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.