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

Brookfield Reinsurance Ltd. (NYSE:BNRE) was the target of a large increase in short interest in 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. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is presently 2.9 days.

Brookfield Reinsurance Price Performance

BNRE stock opened at $36.36 on Tuesday. The business has a fifty day moving average price of $34.31 and a 200 day moving average price of $32.72. Brookfield Reinsurance has a fifty-two week low of $28.30 and a fifty-two week high of $48.43. The stock has a market capitalization of $379.96 million, a price-to-earnings ratio of 86.57 and a beta of 1.47.

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

Brookfield Reinsurance Announces Dividend

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

Institutional Investors Weigh In On Brookfield Reinsurance

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN acquired a new stake in shares of Brookfield Reinsurance in the 4th quarter valued at $39,000. Barclays PLC bought a new position in shares of Brookfield Reinsurance in the 2nd quarter worth $56,000. UBS Group AG bought a new position in shares of Brookfield Reinsurance in the 4th quarter worth $76,000. Steward Partners Investment Advisory LLC bought a new position in shares of Brookfield Reinsurance in the 4th quarter worth $76,000. Finally, National Bank of Canada FI bought a new position in shares of Brookfield Reinsurance in the 1st quarter worth $80,000. 49.35% of the stock is owned by institutional investors and hedge funds.

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.