Brookfield Reinsurance (NYSE:BNRE) Stock Price Down 0.8% – Here’s What Happened

Brookfield Reinsurance Ltd. (NYSE:BNRE) shares traded down 0.8% on Wednesday . The stock traded as low as $58.51 and last traded at $58.80. 6,030 shares changed hands during trading, a decline of 6% from the average session volume of 6,394 shares. The stock had previously closed at $59.30.

Brookfield Reinsurance Price Performance

The stock’s 50-day moving average is $52.68 and its two-hundred day moving average is $56.05. The company has a market cap of $8.55 billion, a P/E ratio of 202.77 and a beta of 1.53.

Brookfield Reinsurance Company Profile

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.