QBE Insurance Group Ltd (ASX: QBE) Share Price and News
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QBE Insurance Group Ltd (ASX: QBE) Latest News
ASX 200 down 0.5%: JB Hi-Fi guidance impresses, Super Retail update, Ramsay surges
James Mickleboro | January 18, 2021 12:10pm
Why Beach, Orocobre, Premier Investments, & QBE shares are dropping lower
James Mickleboro | January 18, 2021 11:53am
Recent Stock Announcements
Date | Heading | An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security. | Time | Pages | File Size |
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About QBE Insurance Group Ltd (ASX: QBE)
QBE Insurance Group Ltd (ASX: QBE) was established back in 1886 by two shipping business partners in Queensland. Originally known as the North Queensland Insurance Company (QI), the business grew rapidly in its first years of operation, expanding into the United Kingdom and Asia.
During the 1920s, the pair also established Bankers’ and Traders’ Insurance Company (B&T). The son of one of the founders took over the running of both businesses following the deaths of the original owners. He continued to further expand the companies throughout Asia as well as across New York, Montreal and Cairo.
During the 1950’s to 1970’s, QI and BT embarked on a period of significant expansion and acquisition, purchasing large stakes in the Equitable Probate and General Insurance Company. In what was often regarded at the time as one of the biggest corporate mergers in Australian history, in 1973 the three companies merged to become QBE. It was at that time, QBE Australia listed on the ASX and became a division of QBE Group.
Since listing, QBE has continued to grow and diversify its business through numerous acquisitions. The company provides a broad range of insurance products across personal, business, corporate, and institutional markets. QBE provides a diverse range of home, car and personal insurance as well as specialist policies tailored to the needs of specific industries such as agriculture, marine, aviation, and professional liability insurance. QBE is also involved in insurance underwriting and reinsurance.
QBE is now Australia’s second largest international insurer and has over 11,000 employees in more than 25 countries around the world.
The QBE share price was hit hard by the March 2020 crash, falling from highs of over $15 in February 2020 to under $7.50 in March. The QBE share price spent the majority of the six months following the March crash trading under $10.
Director Transactions
Data provided by Morningstar.Directors & Management
Data provided by Morningstar.Top Share Holders
Data provided by Morningstar.Name | Shares | Capital |
---|---|---|
HSBC Custody Nominees (Australia) Limited | 480,919,280 | 36.84% |
J P Morgan Nominees Australia Pty Limited | 299,640,500 | 22.95% |
Citicorp Nominees Pty Limited | 128,810,050 | 9.87% |
National Nominees Limited | 100,296,935 | 7.68% |
BNP Paribas Nominees Pty Ltd (Agency Lending DRP A/C) | 29,813,902 | 2.28% |
BNP Paribas Noms Pty Ltd (DRP) | 23,024,911 | 1.76% |
HSBC Custody Nominees (Australia) Limited (NT Comnwlth Super Corp A/C) | 9,926,353 | 0.76% |
Citicorp Nominees Pty Limited (Colonial First State Inv A/C) | 9,369,629 | 0.72% |
Argo Investments Limited | 7,512,406 | 0.58% |
HSBC Custody Nominees (Australia) Limited GSCO ECA | 6,223,460 | 0.49% |
CPU Share Plans Pty Ltd (QBE Ves Control A/C) | 4,161,160 | 0.32% |
AMP Life Limited | 3,405,149 | 0.26% |
Netwealth Investments Limited (Wrap Services A/C) | 1,724,220 | 0.13% |
Mutual Trust Pty Ltd | 1,660,413 | 0.13% |
Nulis Nominees (Australia) Limited (Navigator Mast Plan Sett A/C) | 1,336,596 | 0.10% |
Navigator Australia Ltd (MLC Investment Sett A/C) | 1,301,896 | 0.10% |
BNP Paribas Noms (NZ) LTD (DRP) | 1,276,001 | 0.10% |
The Senior Master Of The Supreme Court (Common Fund No 3 A/C) | 1,228,740 | 0.09% |
Warbont Nominees Pty Ltd (Unpaid Entrepot A/C) | 977,686 | 0.07% |
HSBC Custody Nominees (Australia) Limited A/c 2 | 946,018 | 0.07% |