Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR) Short Interest Down 40.6% in March

Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR – Get Rating) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 44,400 shares, a drop of 40.6% from the March 15th total of 74,800 shares. Based on an average trading volume of 25,600 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.5% of the company’s stock are short sold.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Shell Asset Management Co. purchased a new stake in shares of Brookfield Asset Management Reinsurance Partners in the fourth quarter valued at about $37,000. Advisor Group Holdings Inc. boosted its holdings in shares of Brookfield Asset Management Reinsurance Partners by 135.9% in the third quarter. Advisor Group Holdings Inc. now owns 1,024 shares of the company’s stock valued at $57,000 after acquiring an additional 590 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in shares of Brookfield Asset Management Reinsurance Partners in the fourth quarter valued at about $136,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Brookfield Asset Management Reinsurance Partners in the fourth quarter valued at about $150,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Brookfield Asset Management Reinsurance Partners by 1,390.0% in the fourth quarter. Russell Investments Group Ltd. now owns 2,831 shares of the company’s stock valued at $178,000 after acquiring an additional 2,641 shares in the last quarter. Institutional investors own 43.02% of the company’s stock.

NYSE BAMR opened at $55.23 on Friday. Brookfield Asset Management Reinsurance Partners has a one year low of $47.98 and a one year high of $85.00. The firm’s fifty day moving average is $55.95 and its two-hundred day moving average is $58.24.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Wednesday, March 16th were paid a $0.14 dividend. The ex-dividend date was Tuesday, March 15th. This is a positive change from Brookfield Asset Management Reinsurance Partners’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 1.01%.

Brookfield Asset Management Reinsurance Partners Company Profile (Get Rating)

Brookfield Asset Management Reinsurance Partners Ltd., through its subsidiaries, provides annuity-based reinsurance products to insurance and reinsurance companies. The company operates in two segments, Reinsurance and Pension Risk Transfer. It also acts as a direct issuer of pension risk transfer products for pension plan sponsors.

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