Today is a good day to own QBE Insurance Group Ltd (ASX: QBE) shares.
That's because it is pay day for them, with the insurance giant's 24 cents per share dividend landing in bank accounts on Friday.
While some investors may use this as a source of income, others may want to reinvest the funds back into the market.
But which ASX stocks could be good options for these funds? Let's take a look at a few that brokers are tipping as buys:
Light & Wonder Inc. (ASX: LNW)
Light & Wonder could be an ASX stock to buy. Formerly known as Scientific Games, it is a Nasdaq and ASX-listed gaming company with a focus on slot machines, social casino games, and real money gaming content.
Bell Potter is a fan of the company and has a buy rating and $180.00 price target on its shares. It believes "that LNW's cross-platform strategy and leading scale will enhance game performance metrics relative to competitors in both land-based and digital markets." The broker expects this to "strengthen LNW's competitive advantage, allowing the company to generate above industry average ROIC."
REA Group Ltd (ASX: REA)
A second ASX stock that could be a top option for your QBE dividends is REA Group. It is the leading player in the Australian online real estate listings industry with its realestate.com.au website.
Goldman Sachs rates the company as a buy. It currently has a buy rating and $221.00 price target on its shares.
Its analysts stated that they feel that REA Group has "one of the best risk/reward profiles in our domestic media coverage." This is partly because they are "positive on the pricing power of the real estate classified vertical, given that we believe budgets will rise (at the expense of commissions)."
Webjet Limited (ASX: WEB)
Another ASX stock that analysts rate as a buy is Webjet. It is an online travel booker and bedbank services provider.
Morgans is feeling positive about the company. It currently has an add rating and price target of $11.20 on Webjet's shares.
Its bullish view is due largely to its bedbank business, known as WebBeds, which it expects to continue its growth for some time to come. Particularly given how there is "significant market share still up for grabs." In addition, it feels the upcoming demerger of the Webjet OTA business could unlock value for shareholders in the near future.
