Zacks Research Upgrades QBE Insurance Group (OTCMKTS:QBIEY) to “Hold”

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

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

QBE Insurance Group Price Performance

QBE Insurance Group stock opened at $15.37 on Wednesday. QBE Insurance Group has a fifty-two week low of $12.46 and a fifty-two week high of $18.11. The stock’s fifty day moving average is $17.19 and its two-hundred day moving average is $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.