Brookfield Reinsurance Ltd. (NYSE:BNRE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Brookfield Reinsurance Ltd. (NYSE:BNRE) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 306,137 shares of the company’s stock after selling 603 shares during the period. Principal Financial Group Inc.’s holdings in Brookfield Reinsurance were worth $12,359,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Toronto Dominion Bank increased its position in shares of Brookfield Reinsurance by 335.9% during the third quarter. Toronto Dominion Bank now owns 1,578 shares of the company’s stock valued at $50,000 after acquiring an additional 1,216 shares during the last quarter. CI Investments Inc. increased its position in shares of Brookfield Reinsurance by 12.0% during the third quarter. CI Investments Inc. now owns 178,792 shares of the company’s stock valued at $5,627,000 after acquiring an additional 19,200 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. increased its position in shares of Brookfield Reinsurance by 85.1% during the third quarter. Montrusco Bolton Investments Inc. now owns 235,797 shares of the company’s stock valued at $7,404,000 after acquiring an additional 108,404 shares during the last quarter. 7.19% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Reinsurance Trading Up 0.9 %

NYSE BNRE opened at $44.65 on Friday. The firm has a 50 day simple moving average of $41.73 and a 200-day simple moving average of $39.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.31 and a current ratio of 0.31. Brookfield Reinsurance Ltd. has a one year low of $29.00 and a one year high of $45.11. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 153.97 and a beta of 1.55.

Brookfield Reinsurance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, June 13th. Brookfield Reinsurance’s payout ratio is 110.35%.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Brookfield Reinsurance from a “c+” rating to a “b-” rating in a research report on Friday, February 2nd.

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.