QBE Insurance Group (OTCMKTS:QBIEY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of QBE Insurance Group (OTCMKTS:QBIEY) to a hold rating in a report issued 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 analysts have rated the stock with a Hold rating, According to MarketBeat, QBE Insurance Group has a consensus rating of “Hold”.

QBE Insurance Group Trading Down 4.0%

QBE Insurance Group stock opened at $15.37 on Wednesday. QBE Insurance Group has a twelve month low of $12.46 and a twelve month high of $18.11. The company has a 50 day moving average of $17.19 and a 200-day moving average of $16.09.

About QBE Insurance Group

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.