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
Debt/EBITDA: N/A
Index: ASX20 | 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

$19.60

21 Nov
2024

0.340

OPEN

$19.53

1.77%

HIGH

$19.67

4,296,668

LOW

$19.42

TARGET
$19.907 1.6% upside
Franking for last dividend paid out: 20%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NHF . NOL . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
QBE: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 161.1 xxx
DPS (cps) 77.2 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.3 xxx
Dividend Yield 3.9% xxx
Div Pay Ratio(%) 47.9% 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: 5.01%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.13

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: 16/08 - ex-div 24c (franking 20%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx132.0
DPS All xxxxxxxxxxxxxxx62.0
Sales/Revenue xxxxxxxxxxxxxxx32,609.4 M
Book Value Per Share xxxxxxxxxxxxxxx976.0
Net Operating Cash Flow xxxxxxxxxxxxxxx2,264.4 M
Net Profit Margin xxxxxxxxxxxxxxx6.26 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx14.12 %
Return on Invested Capital xxxxxxxxxxxxxxx11.64 %
Return on Assets xxxxxxxxxxxxxxx3.20 %
Return on Equity xxxxxxxxxxxxxxx14.67 %
Return on Total Capital xxxxxxxxxxxxxxx17.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,565.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1,111 M
Long Term Debt xxxxxxxxxxxxxxx3,413 M
Total Debt xxxxxxxxxxxxxxx4,524 M
Goodwill - Gross xxxxxxxxxxxxxxx2,339 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,002 M
Price To Book Value xxxxxxxxxxxxxxx1.52

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx253.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,674 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx42,424 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.9

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

05/11/2024

1

Buy

$19.30

-1.53%

Citi anticipates its positive stance on QBE Insurance will be vindicated at upcoming 3Q results on November 27. It's felt the US crop book will have had a good year, while supportive investment yields should lead to another "decent" quarter for investment income.

Forecasting an improvement in medium-term results, the broker sees potential for capital returns in time.

The Buy rating and $19.30 target are unchanged.

FORECAST
Citi forecasts a full year FY24 dividend of 70.72 cents and EPS of 163.30 cents.
Citi forecasts a full year FY25 dividend of 76.60 cents and EPS of 175.36 cents.

Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Goldman Sachs

01/11/2024

1

Buy

$20.00

2.04%

Goldman Sachs assesses the outlook for QBE Insurance on the back of Chubb’s Q32024 results, which indicated strong pricing in North America’s P&C market of 7.2%, with property and casualty pricing ahead of lost cost inflation.

The broker highlights QBE's Crop insurance segment was pre-announced, showing resilience despite lower commodity prices, with guidance for 2024 remaining steady at a 95% combined ratio.

Positive read-across includes robust rate adequacy, although North American claims inflation presents a slight risk for QBE Insurance.

Buy rated with a $20 target price.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 54.00 cents and EPS of 158.32 cents.
Goldman Sachs forecasts a full year FY25 dividend of 57.00 cents and EPS of 168.88 cents.
Access Extra Coverage Research History >

QBE STOCK CHART

FNArena News on QBE

1
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 15-11-24

Nov 18 2024 - Weekly Reports
3
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
4
New-Look Suncorp Ready To Rumble

Nov 14 2024 - Australia
5
Rudi’s View: Preparing For The Trump Years

Nov 13 2024 - Rudi's View

Latest Insurance News

1
ESG Focus: The Little Big Things – 21-11-2024

Nov 21 2024 - ESG Focus
2
New-Look Suncorp Ready To Rumble

Nov 14 2024 - Australia
3
Steadfast’s Long March

Jul 02 2024 - Australia
4
AUB Group Shares Poised For Break-Out

Jun 13 2024 - Technicals
5
SMSFundamentals: Older People Are Life Insurers’ Future Challenge

Oct 26 2023 - SMSFundamentals
6
Australian Insurers And The Weather

Oct 19 2023 - Feature Stories
7
Steadfast Group’s US Entry Full Of Promise

Oct 11 2023 - Australia
8
Pros And Cons Of Insurance Companies

Aug 02 2023 - Australia
9
Underlying Trends Positive For QBE Insurance

May 15 2023 - Australia
10
Rates Over Reinsurance For General Insurers 

Feb 01 2023 - Australia