Goldman Sachs Reaffirms Their Buy Rating on QBE Insurance Group Limited (QBEIF)

Business Insider

02-05-2025

Goldman Sachs analyst Julian Braganza maintained a Buy rating on QBE Insurance Group Limited (QBEIF – Research Report) yesterday and set a price target of A$25.00. The company's shares closed last Thursday at $14.37.
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According to TipRanks, Braganza is a 4-star analyst with an average return of 8.3% and a 61.90% success rate. Braganza covers the Financial sector, focusing on stocks such as QBE Insurance Group Limited, Insurance Australia Group Limited, and Suncorp Group.
QBE Insurance Group Limited has an analyst consensus of Strong Buy, with a price target consensus of $15.14.
Based on QBE Insurance Group Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $11.85 billion and a net profit of $977 million. In comparison, last year the company earned a revenue of $11.43 billion and had a net profit of $955 million
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QBEIF in relation to earlier this year.