QBE INSURANCE GROUP LIMITED (QBE)
Share Price Analysis and Chart

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QBE - QBE INSURANCE GROUP LIMITED

FNArena Sector : Insurance
Year End: December
GICS Industry Group : Insurance
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

QBE Insurance Group is an Australian insurance company operating in North America, Europe, Australia & New Zealand and the Asia Pacific region. It was listed in 1973 following the merger of three companies whose names represent the letters of the combined company.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.28

03 Mar
2021

0.040

OPEN

$9.23

0.43%

HIGH

$9.34

3,141,963

LOW

$9.20

TARGET
$10.669 15.0% upside
Franking for last dividend paid out: 10%
OTHER COMPANIES IN THE SAME SECTOR
AMP . IAG . ISU . MPL . NHF . SDF . SUN . TWR . CVW . GDG . PSI . FCL .
MARKET CONSENSUS FORECAST
QBE: 1
Title FY21
Forecast		 FY22
Forecast
EPS (cps) 64.0 xxx
DPS (cps) 50.2 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 14.9 xxx
Dividend Yield 5.3% xxx
Div Pay Ratio(%) 78.4% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.41%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.42

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 20/08 - 4c (10%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

22/02/2021

3

Upgrade to Neutral from Underperform

$9.40

1.29%

QBE Insurance Group's FY21 half-year result pleased Macquarie.

Management failed to provide guidance but the broker notes the FY23 Expense Ratio target of roughly 13% (combined with restructuring costs of about $150m over three years) is attainable and provides clarity around underlying combined operating ratios. 

Given the positive foreign exchange environment, the broker upgrades to Neutral from Underperform. 

EPS upgraded 68% for FY21 and 56% for FY22 to reflect strong gross written premiums, FX tailwinds and the new expense ratio target.

Target price rises to $9.40 from $7.70.

FORECAST
Macquarie forecasts a full year FY21 dividend of 43.94 cents and EPS of 68.38 cents.
Macquarie forecasts a full year FY22 dividend of 70.78 cents and EPS of 114.30 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

QBE STOCK CHART

FNArena News on QBE

1
Weekly Ratings, Targets, Forecast Changes – 26-02-21

Mar 01 2021 - Weekly Reports
2
FNArena Corporate Results Monitor – 22-02-2021

Feb 22 2021 - Australia
3
Rudi’s View: A February Full Of Promise

Feb 12 2021 - Rudi's View
4
The Understated Comeback Of Aussie Dividends

Feb 10 2021 - Australia
5
Six Top 100 Stocks With 20 Percent Upside

Feb 02 2021 - FYI

Latest Insurance News

1
Suncorp Homes In On Improved Returns

Feb 10 2021 - Australia
2
Reinsurance Key To Insurer Pandemic Claims

Sep 16 2020 - Australia
3
Suncorp Takes Stock Of Risk

Jul 02 2020 - Australia
4
Medibank Private Deflects Talk Of Windfall

May 07 2020 - Australia
5
Steadfast Moves To Reassure

Apr 27 2020 - Australia
6
Reinsurance Covers Suncorp, Yet Risks Remain

Jan 14 2020 - Australia
7
Poor US Crop Pegs QBE Profitability

Dec 19 2019 - Australia
8
Are Market Fears For Suncorp Overdone?

Nov 20 2019 - Australia
9
Claims Costs Hurt Medibank Private

Nov 07 2019 - Australia
10
More Returns As Suncorp Sells Chop Shops?

Oct 02 2019 - Australia