** QBE Insurance QBE.AX falls 0.2% to A$19.595, in line with banking sub-index .AXFJ, which is down 0.8%
** Macquarie raises PT to A$21.5 from A$21.3
** Upgrades 2024 earnings estimate by 8.3% on expectations of ~A$90 mln ($55.7 mln) catastrophe beat
** Sees FY24 gross written premium (GWP) growth of 2.8% $(CC)$ compared with co's forecast of ~3%
** Expects FY25 GWP growth forecast to be set at "low single-digit"
** Stock rated "buy" on avg; median PT is A$21.25 – LSEG
($1 = A$1.6152)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))