QBE Bulls See Chances of a Buyback Rising -- Market Talk

Dow Jones
Oct 23

0040 GMT - Strong 3Q performances among U.S. insurers are seen by QBE's bulls at Citi as increasing the chances that the Australian company launches a buyback at its annual results announcement. Analysts at the investment bank tell clients in a note that an overall in-line performance in U.S. crop insurance by QBE's U.S. peers, coupled with their better-than-expected catastrophes performance, increases the prospects of a buyback announcement in February. They tip QBE for a potential beat of its December-half catastrophes budget. UBS has a buy rating and A$24.70 target price on QBE shares, which are up 1.0% at A$20.25.(stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

October 22, 2025 20:40 ET (00:40 GMT)

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