11/04/2024 09:26

QBE Insurance Group (QBE) $17.55

QBE remains our preferred local insurance play after its March full year result showcased an improved return on equity of over 20% in the second half. Importantly, the stock remains cheap, trading on an estimated PE of 9.8x compared to its global peer average of around 12x plus. We like the direction of the business over recent times, although much of this has clearly been reflected in the share price, with the stock up over 18% year-to-date.

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07/03/2024 09:12

QBE Insurance Group Ltd (QBE) $15.19

In February, Sydney-based insurer QBE's FY23 result demonstrated an improved return on equity (ROE) of over 20% in the second half, leaving the business well-positioned for a solid earnings position over the years ahead. Importantly, in the current environment, their conservative guidance leaves them with the potential to “under promise and over deliver.”

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20/02/2024 09:32

QBE Insurance Group Ltd (QBE) $16.71

QBE is the turnaround story we should have bought instead of LLC; they both have a complicated business, although the insurer is delivering -  hindsight is the ultimate investor! From a risk/reward perspective, we have no interest in QBE at current levels, but in a similar manner to most of the market, there are no sell signals, either fundamental or technical.

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16/02/2024 16:53

QBE Insurance (QBE) $16.11

QBE -1.71%: full-year numbers for the insurer were released today, a slight miss despite being supported by better-than-expected catastrophe claims.

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19/01/2024 09:04

QBE Insurance Group (QBE) $15.23

We continue to like the recovery profile of QBE, and although it's faced with the headwind of declining bond yields over recent months, the recent readjustment by money markets looks capable of taking the insurer back above $16.

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15/12/2023 09:33

QBE Insurance (QBE) $14.07

QBE fell -2.6% yesterday; when we wrote about the stock last month, we said, “We can see QBE testing below $14 over the coming months, which is a more optimum entry level for MM.” This was a bearish call at the time, but after the stock's 15% decline in a rising market, today's a logical time to reassess the insurer.

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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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