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Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR) Announces Quarterly Dividend of $0.14

kopsource ·  Nov 12, 2022 09:21

Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR – Get Rating) announced a quarterly dividend on Friday, November 11th, Wall Street Journal reports. Stockholders of record on Wednesday, November 30th will be paid a dividend of 0.14 per share on Friday, December 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, November 29th.

Brookfield Asset Management Reinsurance Partners Price Performance

Shares of NYSE BAMR opened at $46.82 on Friday. Brookfield Asset Management Reinsurance Partners has a 1-year low of $36.93 and a 1-year high of $64.09. The stock's 50-day moving average is $42.77 and its 200 day moving average is $46.34.

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

Hedge Funds Weigh In On Brookfield Asset Management Reinsurance Partners

Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC purchased a new position in Brookfield Asset Management Reinsurance Partners in the 1st quarter worth approximately $33,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Brookfield Asset Management Reinsurance Partners in the 2nd quarter worth approximately $60,000. UBS Group AG increased its stake in Brookfield Asset Management Reinsurance Partners by 14.3% in the 3rd quarter. UBS Group AG now owns 2,854 shares of the company's stock worth $116,000 after purchasing an additional 358 shares during the period. JPMorgan Chase & Co. increased its stake in Brookfield Asset Management Reinsurance Partners by 149.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,302 shares of the company's stock worth $189,000 after purchasing an additional 1,976 shares during the period. Finally, Credit Suisse AG increased its stake in Brookfield Asset Management Reinsurance Partners by 3.4% in the 2nd quarter. Credit Suisse AG now owns 6,050 shares of the company's stock worth $269,000 after purchasing an additional 201 shares during the period. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, TheStreet cut Brookfield Asset Management Reinsurance Partners from a "c-" rating to a "d+" rating in a 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.

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