QBE Insurance Group (OTCMKTS:QBIEY) Reaches New 12-Month High – Here’s What Happened

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) hit a new 52-week high during trading on Monday. The stock traded as high as $18.40 and last traded at $18.40, with a volume of 1,056 shares traded. The stock had previously closed at $17.95.

Wall Street Analysts Forecast Growth

QBIEY has been the subject of a number of research reports. Zacks Research raised shares of QBE Insurance Group to a “hold” rating in a research note on Wednesday, August 19th. Jefferies Financial Group lowered shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, QBE Insurance Group presently has a consensus rating of “Hold”.

QBE Insurance Group Price Performance

The business’s 50-day simple moving average is $16.40 and its 200-day simple moving average is $16.60.

About QBE Insurance Group

QBE Insurance Group Limited is an Australia-based international insurance and reinsurance company. The group provides commercial, personal and specialty insurance products, as well as reinsurance, to businesses, government entities and individuals. Its offerings include property, liability, workers’ compensation, motor, marine, energy, agricultural and professional insurance, along with risk-management and claims services.

QBE traces its origins to the North Queensland Insurance Company, established in Townsville, Australia, in 1886.