CLOSING UPDATE: QBE Insurance hits 52-week low third time in one month 12 June 2018

NEWS BITES - AUSTRALIA

This is an end of day Alert, produced after today's Australian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

QBE Insurance, Australia's 3rd largest insurance company by market capitalisation, hit a 52-week low of $A9.32 earlier today for the third time in the past one month, but later rebounded higher to $A9.34. Trading volume was 67% of average at the end of the day. Compared with the All Ordinaries Index which rose 8.1 points (or 0.1%) in the day, this represented a relative price change of -0.1%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.21 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the last three months the stock has hit a new 52-week low eleven times, pointing to a significant downtrend.

+ The price decreased 0.8% in the last week and tumbled 8.4% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Dividend yield of 2.8% [4.6%]

Other Bearish Signals include:

+ Net profit margin has averaged 0.6% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

Note

The stock has underperformed 64% of the Australian market over the past 6 months.

Bullish Signals:

Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 6% of stock by value of Q Ratio.

Oversold/Bullish:

The 0.2% premium to 12-month low of $A9.32 against the 29.0% discount to high of $A13.16 suggests the decline might be bottoming.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Price to Book of 1.7 [3.0]

TODAY'S ALERTS

Afternoon Alert: QBE Insurance hits 52-week low third time in one month

June 12, 2018 13:00:00 AEST

QBE Insurance Group Limited (ASX:QBE) hit a 52-week low of $A9.33 earlier today for the third time in the past one month, but later rebounded higher to $A9.34.

Morning Alert: QBE Insurance in 4th consecutive fall, nears a 27-month low

June 12, 2018 11:00:00 AEST

QBE Insurance Group Limited (ASX:QBE) slipped further on Tuesday, sliding an additional 1.0c (or 0.1%) to trade at $A9.33. The stock decreased 0.11% on Thursday and 0.74% on Friday bringing its 4-day fall to 1.3%. It is now testing its 576-day low of $A9.33.

RECENT ALERTS

CLOSING UPDATE: QBE Insurance in 3rd consecutive fall, nears a 27-month low

June 08, 2018 16:00:00 AEST

QBE Insurance, Australia's 3rd largest insurance company by market capitalisation, slipped further on Friday, sliding an additional 7.0c (or 0.7%) to trade at $A9.34. The stock decreased 0.32% on Wednesday and 0.11% on Thursday bringing its 3-day fall to 1.2%. It is now testing its 576-day low of $A9.34. Compared with the All Ordinaries Index which fell 12.7 points (or 0.2%) in the day, this represented a relative price change of -0.5%.

Afternoon Alert: QBE Insurance hits 52-week low second time in one month

June 08, 2018 13:00:00 AEST

QBE Insurance Group Limited (ASX:QBE) hit a 52-week low of $A9.36 earlier today for the second time in the past one month, but later rebounded higher to $A9.37.

QBE Insurance Group Limited (AU:QBE; ASX:QBE; AX:QBE)

ISIN: AU000000QBE9

PermID: 4295858616

Source: www.BuySellSignals.com