Previous Close | 9.24 |
Open | 9.23 |
Bid | 10.20 x 1217900 |
Ask | 8.36 x 975200 |
Day's Range | 9.20 - 9.34 |
52 Week Range | 7.13 - 13.21 |
Volume | 3,116,643 |
Avg. Volume | 4,600,574 |
Market Cap | 13.689B |
Beta (5Y Monthly) | 1.13 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -1.09 |
Earnings Date | Feb 19, 2021 |
Forward Dividend & Yield | 0.31 (3.35%) |
Ex-Dividend Date | Aug 20, 2020 |
1y Target Est | 8.65 |
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QBE Insurance Group said on Friday it was expecting an annual net cash loss of $780 million due to higher catastrophe-related costs from harsh U.S. wildfire and hurricane seasons as well as additional COVID-19 claims. The Australian insurer, which posted an adjusted cash profit of $733 million last year, said catastrophe costs were expected to vastly exceed its allowance by 24% to $680 million. QBE is also expecting a $1.5 billion statutory loss, mainly due to the write-down of assets in North America and deferred tax.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of QBE Insurance Group Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.