Earnings Alerts

**QBE Insurance (QBE) Earnings: 1H Net Income at $802M, Interim Dividend Announced**

  • QBE Insurance Net Income: $802 million for the first half of 2024.
  • Interim Dividend: A$0.24 per share.
  • Analyst Recommendations:
    • Buys: 8 analysts recommend buying.
    • Holds: 3 analysts recommend holding.
    • Sells: 1 analyst recommends selling.

Qbe Insurance on Smartkarma

Analysts on Smartkarma are closely covering Qbe Insurance, including insights from Janaghan Jeyakumar, CFA. In the report titled “Quiddity ASX Mar 24 Index Rebal: Many High-Impact Names,” Jeyakumar notes that the ADDs (stocks being added to an index) have significantly higher average trading volume relative to the DELs (stocks being deleted) in the ASX indices. This suggests that the ADDs might have stronger potential for outperformance compared to the DELs in the next two weeks. Following the index rebal event for March 2024, ASX 20, ASX 100, and ASX 200 experienced a number of changes, with notable shifts in stock compositions and trading dynamics.


A look at Qbe Insurance Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

QBE Insurance Group Limited is poised for a positive long-term outlook based on the Smartkarma Smart Scores analysis. With strong scores in Growth and Momentum, the company is showing promising signs of expansion and market appeal. This suggests that QBE Insurance is well-positioned for future development and market success.

Furthermore, QBE Insurance’s overall scores in Value, Dividend, and Resilience indicate a solid foundation and stability within the company. While not the highest scores, these factors still contribute to the company’s overall attractiveness for investors seeking a balanced investment opportunity in the insurance sector. With a diverse range of insurance policies underwritten and international presence, QBE Insurance Group Limited presents itself as a robust player in the insurance market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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