|Bid||11.61 x 1000000|
|Ask||10.22 x 17993000|
|Day's range||10.71 - 10.87|
|52-week range||9.65 - 13.62|
|PE ratio (TTM)||16.14|
|Earnings date||22 Feb. 2017 - 28 Feb. 2017|
|Forward dividend & yield||0.48 (5.60%)|
|1y target est||8.94|
Supply chains in the UK are among the least secure in Europe, according to new research from QBE. The insurer looked at how political, economic, environmental, cyber and infrastructure risks hit companies' ...
Shares in QBE (QBE.AU) are down 19% this year and Morgan Stanley reckons it's time to buy its shares given the greater clarity on the Australian insurer's 2017 earnings risks. QBE shares slumped 4% yesterday after it announced a USD600 million hit to its bottom line due to losses incurred from claims associated with Cyclone Debbie in Australia earlier this year, Hurricanes Harvey, Irma and Maria which impacted the Gulf of Mexico, the Caribbean and Florida as well as the earthquakes in Mexico. The broker said it was surprised by the jump in claims but "with around USD25 billion of investments, QBE's yield on technical reserves and shareholder funds stands to benefit from rising yields." Morgan Stanley retained its overweight rating on the shares but reduced its target price to AUD12.90 a share from AUD13.00 a share previously.
QBE (QBE.AU) shares have slumped 4% today after Australian insurer said it will take a AUD600 million hit to its bottom line due to an increase in the number of disaster claims. In a stock exchange announcement the company said: Given catastrophe losses to date, 2017 will likely prove to be the costliest year in the history of the global insurance industry. Cyclone Debbie in Australia earlier this year, Hurricanes Harvey, Irma and Maria which impacted the Gulf of Mexico, the Caribbean and Florida as well as the earthquakes in Mexico have all impacted QBE’s businesses.
QBE Insurance Group Limited ABN 28 008 485 014 Level27,8 Chifley Square, SYDNEY NSW 2000 Australia GPO Box 82, Sydney NSW 2001 telephone + 612 9375 4444 • facsimile + 612 92316104 www.qbe.com 16 December ...