Brookfield Asset Management Reinsurance Partners (NYSE:BAMR) Stock Price Up 3% – Should You Buy?
by Danessa Lincoln · The Markets DailyBrookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR – Get Free Report)’s stock price rose 3% on Thursday . The stock traded as high as $41.61 and last traded at $41.40. Approximately 54,139 shares changed hands during mid-day trading, an increase of 158% from the average daily volume of 20,993 shares. The stock had previously closed at $40.21.
Brookfield Asset Management Reinsurance Partners Price Performance
The company has a market capitalization of $450.35 million, a price-to-earnings ratio of 7.43 and a beta of 1.43. The company has a 50-day moving average price of $44.31 and a 200-day moving average price of $48.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.
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.