Brookfield Reinsurance (NYSE:BNRE) Shares Up 3.3% – Time to Buy?

Brookfield Reinsurance Ltd. (NYSE:BNRE)’s stock price shot up 3.3% during mid-day trading on Friday . The company traded as high as $60.91 and last traded at $60.31. 11,355 shares changed hands during trading, an increase of 78% from the average session volume of 6,394 shares. The stock had previously closed at $58.37.

Brookfield Reinsurance Stock Up 0.8 %

The stock has a market capitalization of $8.84 billion, a P/E ratio of 209.59 and a beta of 1.53. The business has a fifty day moving average price of $58.34 and a 200-day moving average price of $54.32.

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.