QBE Insurance Group (OTCMKTS:QBIEY) Shares Gap Down – Time to Sell?

Shares of QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) gapped down before the market opened on Friday . The stock had previously closed at $13.92, but opened at $12.95. QBE Insurance Group shares last traded at $12.76, with a volume of 2,700 shares traded.

QBE Insurance Group Trading Down 8.0%

The firm has a market capitalization of $19.33 billion and a PE ratio of -41.43. The business has a 50 day moving average price of $13.77 and a 200-day moving average price of $14.25.

QBE Insurance Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 3rd. Investors of record on Thursday, August 21st were paid a $0.0505 dividend. This represents a yield of 417.0%. The ex-dividend date of this dividend was Wednesday, August 20th. QBE Insurance Group’s dividend payout ratio (DPR) is presently -123.00%.

About QBE Insurance Group

QBE Insurance Group Limited engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally. It offers range of commercial, personal, and specialty products, such as commercial and domestic property, agriculture, public/product liability, motor and motor casualty, professional indemnity, workers' compensation, accident, health, financial and credit, and other insurance products, as well as marine, energy and aviation insurance products, and risk management solutions.