Don't know why Mr.Market didn't like it initially. I thought it...

Don't know why Mr.Market didn't like it initially. I thought it was a pretty good read and wasn't at all disappointed with the approx 50% increase in the dividend.

Looks like Mr. Market is starting to rethink his initial knee-jerk reaction and realises this is a pretty big improvement on QBE's results over the past few years.

Also looks like QBE is starting to come back into favour with the big institutions and international fund managers based on recent announcements. All point to about a 20% uplift to the shareprice if they're correct. I'm willing to bet they are correct as the macro environment for QBE has beeb sh**t until recently so I think better times are ahead. Here are a few recent headline announcements:

01/08/20239:46AM Dow Jones QBE Insurance Target Price Raised 4.0% to A$18.20/Share by Morgan Stanley>QBE.AU (headline only)
24/07/20239:47AM Dow Jones QBE Insurance Target Price Raised 3.0% to A$17.98/Share by Goldman Sachs>QBE.AU (headline only)
21/07/20238:04AM Dow Jones QBE Insurance Price Target Raised 1% to A$18.06/Share by Jefferies (headline only)
10/07/20239:45AM Dow Jones QBE Insurance Target Price Raised 2.8% to A$18.50/Share by UBS (headline only)

I agree with @jimmorrison that the SP will recover, if not by this arvo, in the next day or so!