QBE Insurance Group
Investing in insurance stocks is not easy. It requires a lot of confidence in management teams to set the right prices, strong balance sheets and meticulous growth strategies. Once you add in natural disasters, it’s easy to see how the valuation process becomes very complex. That’s why, if you intend to buy an insurance stock, a long-term investment timeframe is essential. I believe the worst of QBE’s former management’s ‘growth at all costs’ strategy is now behind it. Whilst it willbe a bumpy ride, I believe now could be a good time to take a position. I got myself some exposure just last week.
QBE Price at posting:
$10.73 Sentiment: Hold Disclosure: Held
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