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

Enter the company code or Name for stock analysis:

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%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

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%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

QBE STOCK CHART