Brookfield Reinsurance (NYSE:BNRE) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

Brookfield Reinsurance Ltd. (NYSE:BNRE)’s stock price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $42.80 and traded as high as $43.17. Brookfield Reinsurance shares last traded at $43.07, with a volume of 23,650 shares trading hands.

Brookfield Reinsurance Stock Down 1.0%

The firm’s fifty day moving average price is $38.17 and its 200-day moving average price is $42.77. The stock has a market cap of $6.01 billion, a P/E ratio of 142.49 and a beta of 1.53.

About Brookfield Reinsurance

Brookfield Reinsurance Ltd. (NYSE: BNRE) is a global reinsurance and insurance company affiliated with Brookfield Corporation. The company provides capital-based insurance solutions to individuals, businesses, financial institutions and other insurers, with a focus on long-duration liabilities and retirement-related products.

Its activities include life insurance, annuities, pension risk-transfer solutions and property and casualty reinsurance. Brookfield Reinsurance also works with corporate pension plans and insurance companies seeking to transfer, manage or restructure insurance and retirement obligations.

The company was established as part of Brookfield’s expansion into the insurance sector and serves customers and institutional clients primarily in North America, along with selected international markets.