Brookfield Reinsurance (NYSE:BNRE) Trading Up 0.3% – Still a Buy?

Brookfield Reinsurance Ltd. (NYSE:BNRE)’s stock price rose 0.3% on Thursday . The stock traded as high as $59.92 and last traded at $59.17. Approximately 15,439 shares traded hands during trading, an increase of 141% from the average daily volume of 6,394 shares. The stock had previously closed at $59.00.

Brookfield Reinsurance Stock Performance

The company’s fifty day simple moving average is $54.36 and its two-hundred day simple moving average is $56.17. The stock has a market capitalization of $8.61 billion, a PE ratio of 204.04 and a beta of 1.53.

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.