QBE Insurance Group (OTCMKTS:QBIEY) Rating Increased to Hold at Zacks Research

QBE Insurance Group (OTCMKTS:QBIEY) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Separately, Jefferies Financial Group downgraded shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

QBE Insurance Group Price Performance

QBE Insurance Group stock opened at $15.37 on Wednesday. The company’s 50-day moving average is $17.19 and its 200 day moving average 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

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.