Their opinion has been proved wrong in hindsight. QBE clearly outpacing it and the EU passporting rules no longer a concern.
Although trading at 14x trailing earnings may not be as cheap as QBE Insurance Group Ltd(ASX: QBE) shares are currently, let’s not forget that QBE Insurance has significant exposure to the United Kingdom and Europe.
Approximately 29% of QBE Insurance’s premiums are written in the United Kingdom and Europe and slowing economic growth in the region and changes to European Union passporting rules could prove to be a big headache for the company in the next couple of years.
SUN - Time to Buy??, page-56
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Last
$19.75 |
Change
0.325(1.67%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.51 | $19.80 | $19.47 | $13.72M | 697.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 2595 | $19.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.75 | 3961 | 17 |
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| Last trade - 14.40pm 28/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
