QBE.AX Stock Today: January 12 Mosman Yacht Fire Flags Claims Risk
The QBE share price is in focus after a pre‑dawn blaze at The Spit marina in Mosman sank three superyachts and triggered hazmat containment. While authorities say the Sydney yacht fire is not suspicious and damage was contained, investors are watching for any marine insurance claims impact. Today, the QBE share price sits near short‑term averages with mixed momentum. We set out what the incident means for potential exposure, how the stock screens on value and income, and the key dates that could move QBE.AX.
QBE share price: today’s snapshot
The QBE share price last traded at A$19.63, down 1.5% on the day from a A$19.93 prior close. Intraday, it moved between A$19.44 and A$19.75. It sits near the 50‑day average of A$19.68 and below the 200‑day average of A$21.32. One‑year performance is up 9.68%, while six‑month return is down 10.23%.
RSI is 58.65, suggesting neutral to slightly positive momentum. CCI reads 242.96, an overbought signal to watch. MACD is positive at 0.09 vs signal 0.04, while ADX at 20.25 points to a weak trend. ATR of 0.37 and Bollinger bands at 19.15–20.22 frame near‑term volatility around the A$19.69 middle band.
Volume printed 2,497,857 against a 3,390,113 average, indicating lighter participation. Market cap stands at A$30.35bn with 1.51bn shares outstanding. Price to earnings is 10.15 and price to book is 1.93, levels that often appeal to value and income investors seeking stability in Australian financials.
Mosman marina fire: what we know and why it matters
A pre‑dawn blaze at The Spit marina in Mosman sank three superyachts and triggered hazmat containment on Sydney Harbour. Police said the Mosman marina fire is not suspicious and authorities contained the damage. See reporting from The Guardian and the Sydney Morning Herald.
Marine insurance claims from the Sydney yacht fire are likely event‑specific, not systemic, given containment and the limited number of vessels affected. Investors should watch for any disclosure on insured values, liability allocation within the marina, and salvage or pollution costs. QBE has a marine line, but exposure is unconfirmed pending client and policy details.
Contained damage lowers contagion risk to broader portfolios. Key variables are insured hull values, policy deductibles, and reinsurance attachment points. If QBE has any exposure, proportional reinsurance and event limits could cap net loss. Absent outsized claims or multiple linked events, we see low probability of a sector‑wide shock.
Potential insurance impact for QBE
Potential channels include hull and machinery, marinas liability, and pollution cover. Many large hull risks place through Lloyd’s and global markets, often on a subscription basis. Without confirmation, investors should assume diversified participation at low single‑digit shares per risk, typical for superyacht placements.
QBE’s debt‑to‑equity is 0.34 and ROE is 18.49%, indicating solid capital efficiency. Reinsurance protections and event limits are designed to smooth earnings. Interest coverage of 208.76x and free cash flow yield of 15.24% further support resilience to isolated marine insurance claims.
Watch for incident mentions in trading updates, the 20 February 2026 results, and any reserve changes. Look for commentary on loss ratios within specialty lines. If exposure is immaterial, management may reference the event qualitatively without adjusting guidance. Absence of disclosure can imply limited financial effect.
Valuation, income, and technical view
At A$19.63, the QBE share price trades on 10.15x EPS of A$1.98 and 1.93x book. Dividend yield is 4.68% with a 42.57% payout ratio, aligning with a balanced capital return profile. Cash flow metrics are supportive, with price to free cash flow at 6.56.
Bollinger middle band sits at A$19.69; upper at A$20.22 and lower at A$19.15. With RSI near 59 and Stoch %K at 79, momentum tilts positive but close to overbought. ADX at 20 suggests any trend is fragile. A close above A$19.75 improves tone; a slip below A$19.44 weakens it.
Model projections point to A$20.69 in one month, A$21.91 in one year, and A$28.30 in three years. Signals are mixed: a 2025 company rating flagged Sell, while an aggregate stock grade shows A with a BUY tilt. We treat the QBE share price setup as data‑dependent into results.
Final Thoughts
The Mosman marina fire highlights how single events can test specialty lines without destabilising diversified insurers. For the QBE share price, the market will look for clarity on any marine insurance claims, including hull values, liability, and reinsurance recoveries. On fundamentals, valuation at 10.15x earnings and a 4.68% yield remains reasonable, backed by strong interest coverage and healthy cash flow ratios. Technically, momentum is constructive but near overbought, making A$19.44–A$19.75 key levels. Into the 20 February 2026 results, we would track disclosures on specialty loss ratios and any reserve movements tied to the Sydney yacht fire. Position sizing and risk controls matter while headlines evolve. This is not financial advice.
FAQs
Is QBE exposed to the Mosman marina fire?
Exposure is not confirmed. Superyacht risks are often syndicated across multiple insurers and reinsurers, limiting any single carrier’s share. Given authorities contained the incident, we expect any financial effect to be event‑specific. Watch QBE’s next results or trading updates for comments on marine insurance claims or specialty loss ratios.
What does the Mosman yacht fire mean for the QBE share price?
Near term, headlines can add volatility if exposure is disclosed. However, contained damage and diversified syndication reduce the chance of a large hit. The QBE share price will likely react more to guidance on loss ratios, reinsurance recoveries, and 20 February 2026 results than to speculation.
How does QBE’s valuation compare today?
At A$19.63, QBE trades on 10.15x EPS and 1.93x book with a 4.68% dividend yield. These metrics screen as reasonable for a large Australian insurer. Cash flow and interest coverage are strong, which helps absorb isolated claims without compromising capital returns, subject to management guidance.
What technical levels should traders watch on QBE?
Watch the A$19.44 intraday low as first support and A$19.75 as initial resistance. The Bollinger middle band at A$19.69 is a near‑term pivot. RSI at 58.65 is neutral‑positive, while ADX at 20.25 signals a weak trend. Overbought readings may temper upside without fresh catalysts.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
