QBE Insurance Group (OTCMKTS:QBIEY) Upgraded at Zacks Research

QBE Insurance Group (OTCMKTS:QBIEY – Get Free Report) was upgraded by analysts at Zacks Research to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Jefferies Financial Group cut QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, QBE Insurance Group presently has an average rating of “Hold”.

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QBE Insurance Group Price Performance

Shares of QBIEY opened at $15.37 on Wednesday. The company’s fifty day moving average price is $17.19 and its 200-day moving average price is $16.09. QBE Insurance Group has a 1-year low of $12.46 and a 1-year high of $18.11.

About QBE Insurance Group

(Get Free Report)

QBE Insurance Group Ltd is an Australian-based multinational insurer that provides a broad range of general insurance and reinsurance products. Headquartered in Sydney, the company operates through two core divisions—General Insurance and Reinsurance—serving retail, commercial and specialty customers across diverse industries. QBE’s offerings encompass property and casualty coverage as well as risk management solutions designed to meet the needs of individuals, small-to-medium enterprises and large corporations.

Founded in 1886 as North Queensland Insurance Co, the business adopted the QBE name in 1973 following a series of mergers with Bankers and Traders Insurance Co and Equitable Fire & General Insurance Co Over more than a century of operations, the firm has expanded its footprint to more than 27 countries, with significant market presence in Australia, North America, Europe, Asia and Latin America.

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