Brookfield Reinsurance Ltd. (NYSE:BNRE) Short Interest Up 186.2% in June

Brookfield Reinsurance Ltd. (NYSE:BNRE) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 37,200 shares, a growth of 186.2% from the May 31st total of 13,000 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,100 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Investors Weigh In On Brookfield Reinsurance

Institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank lifted its stake in shares of Brookfield Reinsurance by 335.9% in the third quarter. Toronto Dominion Bank now owns 1,578 shares of the company’s stock valued at $50,000 after buying an additional 1,216 shares in the last quarter. Swiss National Bank boosted its stake in Brookfield Reinsurance by 7.6% during the 1st quarter. Swiss National Bank now owns 15,600 shares of the company’s stock valued at $656,000 after purchasing an additional 1,100 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in shares of Brookfield Reinsurance in the first quarter valued at approximately $1,335,000. Cowen AND Company LLC boosted its position in shares of Brookfield Reinsurance by 29.1% during the fourth quarter. Cowen AND Company LLC now owns 49,885 shares of the company’s stock valued at $2,014,000 after buying an additional 11,252 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in Brookfield Reinsurance by 3,898.6% during the fourth quarter. Bank of Nova Scotia now owns 512,825 shares of the company’s stock worth $20,518,000 after buying an additional 500,000 shares in the last quarter. 7.19% of the stock is owned by institutional investors.

Brookfield Reinsurance Price Performance

Shares of BNRE stock traded down $0.34 on Friday, reaching $41.35. The company had a trading volume of 2,678 shares, compared to its average volume of 7,179. The stock has a market capitalization of $6.02 billion, a PE ratio of 142.59 and a beta of 1.56. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average is $42.43 and its 200 day moving average is $40.92. Brookfield Reinsurance has a one year low of $29.00 and a one year high of $45.11.

Brookfield Reinsurance (NYSE:BNRE) last posted its earnings results on Thursday, May 9th. The company reported $0.08 EPS for the quarter. The firm had revenue of $2.59 billion during the quarter. Brookfield Reinsurance had a return on equity of 0.15% and a net margin of 0.08%.

Brookfield Reinsurance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.32 annualized dividend and a yield of 0.77%. Brookfield Reinsurance’s dividend payout ratio is presently 110.35%.

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.