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$18.41 qbe insurance group limited

7 reasons to buy QBE shares, page-28

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KarlH

141 Posts.

19

22/02/24

23:45

Post #: 72548425
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Originally posted by MikeMK: ↑

Agree with @bedger that rising interest rates will negatively affect the insurance industry as a whole.

As interest rates go up, consumers will have less disposable cash. Once this occurs consumers will cut back on discretionary spending.

Whilst I personally see insurance as an essential product; unfortunately a lot of consumers will take the risk and let their insurance policies lapse in order to make ends meet.

Flow on effect there will be a lot of lapsed insurance policies which aren’t renewed.

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Qbe is not a personal lines insurer. They are commercial and therefore should not be impacted too much by changes in discretionary spend.

QBE Price at posting: $16.71 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $18.41		Change 0.330(1.83%)		Mkt cap ! $27.65B

Open	High	Low	Value	Volume
$18.19	$18.41	$18.13	$66.55M	3.627M

Buyers (Bids)

No.	Vol.	Price($)
1	1100	$18.40

Sellers (Offers)

Price($)	Vol.	No.
$18.41	53540	3

View Market Depth

No.	Vol.	Price($)
1	1100	18.400
3	11019	18.310
2	9909	18.300
2	25845	18.280
2	13445	18.270

Price($)	Vol.	No.
18.430	25845	2
18.440	9791	1
18.450	942	1
18.470	540	1
18.490	28484	2

Last trade - 16.10pm 06/06/2024 (20 minute delay)


Last $18.36			Change 0.330 ( 1.47 %)
Open	High		Low	Volume
$18.20	$18.39		$18.13	1954862
Last updated 15.59pm 06/06/2024 ?

QBE (ASX) Chart