QBE Insurance Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.
Recent earnings update shows QBE delivering ahead of consensus. Growth should remain strong and upgrades to 2020 earnings are now likely. The balance sheet remains robust, with A$1bn buyback over three years being executed.
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Higher yields in US treasuries are helping to lift investor sentiment towards QBE and financial stocks in general.
Buy QBE and look for a move into the $13.50 price range.
