QBE Insurance Group (OTCMKTS:QBIEY) Sees Large Volume Increase - Here's What Happened

Key Points

• QBE Insurance Group experienced a significant increase in trading volume, with 98,905 shares traded, marking a 151% rise from the previous session.
• The company's stock is currently priced at $13.13, with a market capitalization of $19.90 billion and a PE ratio of -42.66.
• Recently, QBE announced a dividend cut, with a yield of 417.0% and a negative dividend payout ratio of -123.00%.

QBE Insurance Group Limited - Sponsored ADR (OTCMKTS:QBIEY - ) saw an uptick in trading volume on Wednesday . 98,905 shares traded hands during mid-day trading, an increase of 151% from the previous session's volume of 39,427 shares.The stock last traded at $13.13 and had previously closed at $13.10.

QBE Insurance Group Stock Performance

The stock's fifty day moving average price is $13.75 and its 200-day moving average price is $14.25. The firm has a market cap of $19.90 billion and a PE ratio of -42.66.

QBE Insurance Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 3rd. Shareholders of record on Thursday, August 21st were issued a dividend of $0.0505 per share. This represents a yield of 417.0%. The ex-dividend date was Wednesday, August 20th. QBE Insurance Group's dividend payout ratio (DPR) is -123.00%.

QBE Insurance Group Company Profile

QBE Insurance Group Limited engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally. It offers range of commercial, personal, and specialty products, such as commercial and domestic property, agriculture, public/product liability, motor and motor casualty, professional indemnity, workers' compensation, accident, health, financial and credit, and other insurance products, as well as marine, energy and aviation insurance products, and risk management solutions.

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