As Expected, QBE’s Share Price Benefits from Higher U.S. Interest Rates. AUD 14 FVE Unchanged.
Since the U.S. presidential election on Nov. 8, narrow moat-rated QBE Insurance Group’s share price has rocketed 40% to an 18-month high of AUD 12.85 on Jan. 9 and now trades about 10% below our unchanged AUD 14 per share fair value estimate. QBE continues to benefit from higher U.S. interest rates and expectations of stronger economic conditions in the world’s largest economy following the election of Donald Trump. Despite the increase in interest rates, our positive earnings outlook remains an...QBE Insurance Group engages in underwriting general insurance and reinsurance risks, management of Lloyd's syndicates and investment management. Co.'s segments are: North American Operations, which writes general insurance and reinsurance in the U.S.; European Operations, which writes general insurance in the U.K., Canada and mainland Europe; Australian and New Zealand Operations, which underwrites general insurance risks in Australia and New Zealand; Emerging Markets, which writes general insurance in North, Central and South America and provides personal, commercial and general insurance covers in the Asia Pacific region; and Equator Re, which provides reinsurance protection in Bermuda.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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