The stock of QBE Insurance Group Ltd (ASX:QBE) is a huge mover today! The stock increased 1.46% or $0.16 on November 18, hitting $11.12. About 9.03 million shares traded hands or 65.69% up from the average. QBE Insurance Group Ltd (ASX:QBE) has declined 1.94% since April 22, 2016 and is downtrending. It has underperformed by 6.37% the S&P500.
The move comes after 5 months positive chart setup for the $15.61 billion company. It was reported on Nov, 18 by Barchart.com. We have $13.57 PT which if reached, will make ASX:QBE worth $3.43 billion more.
More notable recent QBE Insurance Group Ltd (ASX:QBE) news were published by: Moodys.com which released: “Moody’s upgrades QBE Insurance Group Limited’s Senior Unsecured Debt Rating to …” on November 24, 2015, also Fool.com.Au with their article: “Crash: Why the QBE Insurance Group Ltd share price is plunging today” published on August 17, 2016, Businesswire.com published: “A.M. Best Affirms Ratings of QBE Insurance Group Limited and Its Key Subsidiaries” on March 10, 2016. More interesting news about QBE Insurance Group Ltd (ASX:QBE) were released by: Fool.com.Au and their article: “QBE Insurance Group Ltd plunges to 10-year low: Is it time to buy?” published on September 04, 2016 as well as Fool.com.Au‘s news article titled: “The bargain hunter’s guide to QBE Insurance Group Ltd shares” with publication date: July 05, 2016.
QBE Insurance Group Limited is an Australia firm engaged in underwriting general insurance and reinsurance risks, management of Lloyd’s syndicates and investment management. The company has a market cap of $15.61 billion.
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