Rockefeller Capital Management L.P. lifted its holdings in Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR – Get Rating) by 4.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,972 shares of the company's stock after purchasing an additional 1,314 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.29% of Brookfield Asset Management Reinsurance Partners worth $1,307,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of Brookfield Asset Management Reinsurance Partners during the 2nd quarter worth approximately $32,000. Lazard Asset Management LLC purchased a new stake in Brookfield Asset Management Reinsurance Partners in the 1st quarter valued at $33,000. Shell Asset Management Co. raised its position in 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 purchasing an additional 440 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Brookfield Asset Management Reinsurance Partners in the 2nd quarter valued at $60,000. Finally, Steward Partners Investment Advisory LLC raised its position in 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 purchasing an additional 2,250 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.
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Separately, TheStreet cut shares of Brookfield Asset Management Reinsurance Partners from a "c-" rating to a "d+" rating in a research note on Friday, October 7th.
Brookfield Asset Management Reinsurance Partners Stock Up 0.4 %
NYSE:BAMR opened at $36.87 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Brookfield Asset Management Reinsurance Partners Ltd. has a fifty-two week low of $33.10 and a fifty-two week high of $64.09. The firm's fifty day simple moving average is $37.09 and its 200-day simple moving average is $42.68.Brookfield Asset Management Reinsurance Partners (NYSE:BAMR – Get Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.14 earnings per share for the quarter. Brookfield Asset Management Reinsurance Partners had a net margin of 1.00% and a return on equity of 7.25%. The business had revenue of $2.02 billion for the quarter.
Brookfield Asset Management Reinsurance Partners Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, November 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.52%.
Brookfield Asset Management Reinsurance Partners 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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