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QBE Insurance Group Limited ( (AU:QBE) ) has provided an announcement.
QBE Insurance Group Limited has reduced its issued capital through the cancellation of 8,229,987 ordinary fully paid shares. The shares ceased on 23 April 2026 following completion of an on-market buy-back, marginally consolidating the company’s equity base and potentially enhancing value for remaining shareholders.
The announcement, lodged with the ASX as a new Appendix 3H notification on 24 April 2026, confirms the formal cessation of these securities from quotation. This adjustment reflects routine capital management activity by QBE and signals an ongoing focus on optimising its balance sheet structure.
The most recent analyst rating on (AU:QBE) stock is a Hold with a A$25.10 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
More about QBE Insurance Group Limited
QBE Insurance Group Limited is a global insurance and reinsurance company listed on the ASX. The group provides a broad range of general insurance products and risk solutions to customers across multiple markets, with its ordinary fully paid shares trading under the ticker QBE.
Average Trading Volume: 3,768,647
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$33.61B
For an in-depth examination of QBE stock, go to TipRanks’ Overview page.