QBE Insurance Group (OTCMKTS:QBIEY) Sets New 1-Year High – Here’s What Happened

Shares of QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) hit a new 52-week high on Tuesday . The company traded as high as $18.0240 and last traded at $18.0240, with a volume of 659 shares changing hands. The stock had previously closed at $17.83.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut QBE Insurance Group to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

QBE Insurance Group Trading Down 2.1%

The stock’s 50-day simple moving average is $16.84 and its two-hundred day simple moving average is $15.42.

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.