QBE Insurance Group (OTCMKTS:QBIEY) Hits New 52-Week High – Time to Buy?

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $18.40 and last traded at $18.40, with a volume of 1,056 shares trading hands. The stock had previously closed at $17.95.

Analyst Ratings Changes

Several analysts have commented on QBIEY shares. Zacks Research raised shares of QBE Insurance Group to a “hold” rating in a research report on Wednesday, August 19th. Jefferies Financial Group cut shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, QBE Insurance Group presently has a consensus rating of “Hold”.

Read Our Latest Stock Report on QBIEY

QBE Insurance Group Price Performance

The stock has a 50-day moving average price of $16.45 and a two-hundred day moving average price of $16.64.

About QBE Insurance Group

(Get Free Report)

QBE Insurance Group Limited is an Australia-based international insurance and reinsurance company. The group provides commercial, personal and specialty insurance products, as well as reinsurance, to businesses, government entities and individuals. Its offerings include property, liability, workers’ compensation, motor, marine, energy, agricultural and professional insurance, along with risk-management and claims services.

QBE traces its origins to the North Queensland Insurance Company, established in Townsville, Australia, in 1886.

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