QBE Insurance Group (OTCMKTS:QBIEY) Stock Price Up 0.9% – Should You Buy?

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEYGet Free Report) shares shot up 0.9% on Friday . The stock traded as high as $13.1250 and last traded at $12.99. 102,171 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 97,922 shares. The stock had previously closed at $12.88.

QBE Insurance Group Price Performance

The firm’s 50 day moving average price is $13.55 and its 200-day moving average price is $14.28.

QBE Insurance Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 3rd. Stockholders of record on Thursday, August 21st were issued a dividend of $0.0505 per share. The ex-dividend date was Wednesday, August 20th. This represents a dividend yield of 417.0%.

QBE Insurance Group Company Profile

(Get Free Report)

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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