Brookfield Asset Management Reinsurance Partners (NYSE:BAMR) Trading 0.7% Higher – Here’s Why

Shares of Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR) shot up 0.7% during trading on Wednesday . The company traded as high as $48.27 and last traded at $47.91. 27,789 shares changed hands during trading, an increase of 32% from the average session volume of 20,993 shares. The stock had previously closed at $47.60.

Brookfield Asset Management Reinsurance Partners Trading Up 0.7%

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $521.16 million, a PE ratio of 8.60 and a beta of 1.43. The company’s 50 day simple moving average is $46.55 and its two-hundred day simple moving average is $53.49.

Brookfield Asset Management Reinsurance Partners Company Profile

Brookfield Asset Management Reinsurance Partners L.P. (NYSE: BAMR) is a publicly traded reinsurance investment vehicle externally managed by Brookfield Asset Management Ltd. Launched in November 2021, the company was formed as a permanent capital platform to provide long-term capital solutions to insurance and reinsurance counterparties. Through its structure as a limited partnership, BAMR offers investors access to reinsurance strategies alongside an experienced underwriting team backed by Brookfield’s global balance sheet.

The firm’s primary activities include investing in retrocession reinsurance, portfolio reinsurance transactions, insurance-linked securities and structured reinsurance solutions tailored to corporate run-off portfolios.