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Macquarie hikes PT for Australia's QBE Insurance

BUZZ-Macquarie hikes PT for Australia's QBE Insurance ** Shares of QBE Insurance QBE.AX fall 0.8% to A$16.925 ** Analysts at Macquarie increases price target to A$18.40 from A$18.00 for the insurer; maintains 'neutral' rating ** Brokerage sees FY24 gross written premium growth of 5% for co vs mid single-digit growth guidance by co ** Says short-ter
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Australia's QBE Insurance eyes worst week in 2 months on downbeat forecast

BUZZ-Australia's QBE Insurance eyes worst week in 2 months on downbeat forecast ** Shares of Australian insurance firm QBE Insurance Group QBE.AX have fallen 2.5% so far this week; set for worst weekly decline since April 15 ** Co forecast marginal increase of 3% in its 1H gross written premium, a key metric for insurers, on a constant currency bas
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Australia's Helia jumps after Macquarie upgrades to 'outperform'

BUZZ-Australia's Helia jumps after Macquarie upgrades to 'outperform' ** Shares of Helia Group HLI.AX rise as much as 16.8% to A$3.9, posting their biggest intraday percentage gain since Feb. 24, 2023 ** Analysts at Macquarie upgrade rating on lenders mortgage insurance (LMI) provider to "outperform" from "neutral" ** HLI fell 20.9% on Wednesday af
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Citi sees Australia's QBE Insurance's removal of N.American mid-market as positive

BUZZ-Citi sees Australia's QBE Insurance's removal of N.American mid-market as positive ** Analysts at Citi say markets concerned that QBE Insurance's QBE.AX results continue to be "dogged" by prior year development ** Brokerage retains "buy" rating on stock and target price of A$20.00/shr ** Citi says QBE's removal of mid-market business should en
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Australian shares end lower as inflation warnings cloud rate-cut bets

Australian shares end lower as inflation warnings cloud rate-cut bets Traders scale back rate-cut expectations Australian financials down 0.4% QBE Insurance falls to three-week low Updates to close By Prerna Bedi June 19 (Reuters) - Australian shares closed lower in subdued trade on Wednesday, pulled down by losses in heavyweight financials, as investors dialled back their expectations on rate cuts after the central bank emphasised the need to be vigilant on inflation.
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