Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR) Short Interest Update

kopsource · Oct 29, 2022 15:21

Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR – Get Rating) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 22,700 shares, an increase of 17.0% from the September 30th total of 19,400 shares. Based on an average daily volume of 12,800 shares, the short-interest ratio is presently 1.8 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Brookfield Asset Management Reinsurance Partners during the 2nd quarter worth approximately $32,000. Lazard Asset Management LLC bought a new stake in shares of Brookfield Asset Management Reinsurance Partners in the 1st quarter valued at $33,000. Shell Asset Management Co. increased its stake in shares of Brookfield Asset Management Reinsurance Partners by 74.6% in the 2nd quarter. Shell Asset Management Co. now owns 1,030 shares of the company's stock valued at $46,000 after acquiring an additional 440 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Brookfield Asset Management Reinsurance Partners in the 2nd quarter valued at $60,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Brookfield Asset Management Reinsurance Partners by 7,500.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,280 shares of the company's stock valued at $102,000 after acquiring an additional 2,250 shares in the last quarter. Institutional investors own 39.71% of the company's stock.

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Brookfield Asset Management Reinsurance Partners Stock Up 0.8 %

NYSE:BAMR traded up $0.32 during mid-day trading on Friday, hitting $40.10. 15,892 shares of the company's stock were exchanged, compared to its average volume of 20,759. The company has a 50 day simple moving average of $44.44 and a 200-day simple moving average of $47.26. Brookfield Asset Management Reinsurance Partners has a fifty-two week low of $36.93 and a fifty-two week high of $64.09.

Brookfield Asset Management Reinsurance Partners (NYSE:BAMR – Get Rating) last posted its earnings results on Thursday, August 11th. The company reported $0.06 EPS for the quarter. Brookfield Asset Management Reinsurance Partners had a net margin of 0.89% and a return on equity of 5.85%. The business had revenue of $1.36 billion for the quarter.

Brookfield Asset Management Reinsurance Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Wednesday, September 14th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.56 annualized dividend and a yield of 1.40%.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of Brookfield Asset Management Reinsurance Partners from a "c-" rating to a "d+" rating in a research report on Friday, October 7th.

Brookfield Asset Management Reinsurance Partners Company Profile

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Brookfield Asset Management Reinsurance Partners Ltd., through its subsidiaries, provides annuity-based reinsurance products to insurance and reinsurance companies. The company operates in two segments, Reinsurance and Pension Risk Transfer. It also acts as a direct issuer of pension risk transfer products for pension plan sponsors.