{"id":59057,"date":"2014-08-20T21:27:18","date_gmt":"2014-08-21T01:27:18","guid":{"rendered":"http:\/\/countingpips.com\/?p=59057"},"modified":"2014-08-20T21:27:18","modified_gmt":"2014-08-21T01:27:18","slug":"why-the-qbe-insurance-share-price-rise-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/why-the-qbe-insurance-share-price-rise-today\/","title":{"rendered":"Why the QBE Insurance Share Price Rise Today?"},"content":{"rendered":"
August 20, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the QBE Insurance Share Price?<\/h2>\n

QBE Insurance Group Limited [ASX:QBE]<\/strong> is a general insurer covering most major commercial and personal types of insurance in 46 countries. <\/p>\n

The share price closed 5.79% higher on Wednesday. <\/p>\n

Why Did This Happen to QBE Shares?<\/h2>\n

For the past two days, QBE has released financial details, as well capital raising information.<\/p>\n

As warned in late July, first half financial details for 2014 were disappointing. <\/p>\n

In the six months to June, net profit is down to $392 million. This is a massive 18% lower than the 2013 first half result of $477 million.<\/p>

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Also, the insurer\u2019s profit margin is down to 7.8%, compared to the same period last year of 10.8%.<\/p>\n

The company alerted the market to expect these results as the workers compensation issue in Argentina is completed. <\/p>\n

Softening the blow of the financial data was the announcement that QBE will raise US$41.5 billion via debt restructuring and capital raising. <\/p>\n

The first step to this was the announcement of a $650 institutional placement.<\/p>\n

Next is the $160 million share placement plan. <\/p>\n

And finally, they will sell their US underwriting business for $750 million.<\/p>\n

What Now for QBE Insurance Group Limited?<\/h2>\n

It hasn\u2019t been a good 12 months for QBE shareholders. <\/p>\n

However, all the bad news may built into the stock price. This means that any positive news for QBE could see investors pile in quickly and the share price rally. <\/p>\n

Shae Smith+<\/a>
\nEditor, Money Weekend<\/em><\/strong> <\/p>\n

Join Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why the QBE Insurance Share Price Rise Today?<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the QBE Insurance Share Price? QBE Insurance Group Limited [ASX:QBE] is a general insurer covering most major commercial and personal types of insurance in 46 countries. The share price closed 5.79% higher on Wednesday. Why Did This Happen to QBE Shares? For the past two days, QBE has released financial […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-59057","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=59057"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59057\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=59057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=59057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=59057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}