30/11/2023 09:11

QBE Insurance (QBE) $15.17

QBE fell over 3% on Wednesday as the beneficiaries of higher bond yields caught the seller's attention, especially with some healthy profits on the table after a solid year. The insurance group recently released a 3Q performance update, highlighting the tailwinds the insurance sector has enjoyed since COVID-19.

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27/11/2023 16:39

QBE Insurance (QBE) $15.64

QBE +2.22%: the insurance group released a 3Q performance update which further highlighted the tailwinds playing out in the insurance sector. Gross Written Premium (GWP) growth of 7% on the prior period and renewal rate increases of 9.6% in the quarter show the benefit of inflation on premiums.

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23/11/2023 09:11

QBE Insurance Group Ltd (QBE) $15.19

QBE has been an excellent recent performer, more than doubling from its COVID-19 lows for reasons mentioned earlier. Plus, importantly, the business continues to turn itself around from an operational perspective as it simplifies and focuses on its areas of strength.

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19/09/2023 09:25

QBE Insurance Group Ltd (QBE) $15.11

QBE delivered disappointing results in August although they did maintain positive rhetoric including reconfirming FY23 guidance. The trend through 2022/23 has been for stocks that disappoint to stay in the “naughty corner” longer than many expect, although QBE has bounced well after its initial 3-week pullback.

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10/08/2023 17:14

QBE Insurance (QBE) $15.41

QBE -1.22%: The same old story for QBE today, a messy/underwhelming 1H23 result which pushed the stock down on open then it recovers throughout the session as they talked favourably about the future, reconfirming FY23 guidance.

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08/08/2023 09:38

QBE Insurance Group Ltd (QBE) $15.65

QBE has rallied ~60% from its 2022 low on the combination of rising yields and solid improvement/simplification of the business. We like this insurance stock that has more facets at play than just bond yields but the stock continues to feel stretched near $16 and a decent rally by bonds will likely be a headwind on the business and share price.

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21/07/2023 09:08

QBE Insurance (QBE) $15.60

QBE advanced +2.4% helped by a rise in bond yields and preliminary 1H numbers which looked strong with Gross Written Premiums (GWP) of $12.8b accompanied by strong investment returns. Importantly the company maintained guidance for FY23 - they will report full 1H numbers on August 10th.

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14/07/2023 09:14

QBE Insurance Group Ltd (QBE) $14.98

QBE fell the most in 2-months yesterday as its trading volume tripled, as subscribers know we like QBE and believe there are more levers involved with QBE than just interest rates but when it’s the markets focus it shouldn’t be underestimated in the short-term i.e. falling bond yields is a very big headwind for QBE.

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20/06/2023 09:27

QBE Insurance (QBE) $15.44

QBE has rallied +15% so far this year helped by a solid result delivered for Q1 illustrating the excellent turnaround and simplification that MM believes is unfolding across this business i.e. there are more levers involved with QBE than just interest rates. However, taking into account our view toward yields we aren’t advocating chasing strength even as the turnaround story gathers momentum.

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30/05/2023 09:15

QBE Insurance Group Ltd (QBE) $14.80

In late March QBE delivered an excellent FY22 result illustrating perfectly the turnaround and logical simplification that MM believes is unfolding across the business. However, we believe that the interest rate cycle which has been so supportive of QBE has peaked at least for 2023 leading us to believe there are better places to be invested this side of Christmas.

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