Brookfield Asset Management Reinsurance Partners (NYSE:BAMR) Shares Up 2.7% – Here’s Why

Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR)’s stock price shot up 2.7% during trading on Friday . The company traded as high as $45.06 and last traded at $44.95. 26,805 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 20,993 shares. The stock had previously closed at $43.75.

Brookfield Asset Management Reinsurance Partners Stock Up 2.7%

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $488.97 million, a PE ratio of 8.07 and a beta of 1.43. The business has a 50-day moving average of $44.60 and a 200 day moving average of $45.17.

About Brookfield Asset Management Reinsurance Partners

Brookfield Asset Management Reinsurance Partners L.P. (NYSE: BAMR) is a publicly traded reinsurance investment vehicle externally managed by Brookfield Asset Management Ltd. Launched in November 2021, the company was formed as a permanent capital platform to provide long-term capital solutions to insurance and reinsurance counterparties. Through its structure as a limited partnership, BAMR offers investors access to reinsurance strategies alongside an experienced underwriting team backed by Brookfield’s global balance sheet.

The firm’s primary activities include investing in retrocession reinsurance, portfolio reinsurance transactions, insurance-linked securities and structured reinsurance solutions tailored to corporate run-off portfolios.