Brookfield Reinsurance (NYSE:BNRE) Trading Up 0.7% – Still a Buy?

Brookfield Reinsurance Ltd. (NYSE:BNREGet Free Report) was up 0.7% during mid-day trading on Wednesday . The company traded as high as $48.27 and last traded at $47.91. Approximately 27,789 shares were traded during mid-day trading, an increase of 335% from the average daily volume of 6,394 shares. The stock had previously closed at $47.60.

Brookfield Reinsurance Price Performance

The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 165.21 and a beta of 1.53. The business’s 50-day moving average price is $46.65 and its two-hundred day moving average price is $53.51.

About Brookfield Reinsurance

(Get Free Report)

Brookfield Reinsurance (NYSE: BNRE) is a Bermuda-domiciled reinsurer sponsored by Brookfield Asset Management. The company provides a range of risk transfer solutions, including property catastrophe, casualty, specialty lines and retrocession coverage. By combining underwriting expertise with diversified capital markets strategies, Brookfield Reinsurance aims to meet the needs of primary insurers, reinsurers and other institutional clients seeking tailored reinsurance capacity.

In its underwriting operations, Brookfield Reinsurance focuses on structuring programs across regions and perils, deploying both traditional reinsurance treaties and facultative placements.

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