Are Suncorp or QBE shares a better buy after yesterday’s sell-off?

Two of Australia’s largest ASX financials stocks are Suncorp Group Ltd (ASX: SUN) and QBE Insurance Group Ltd (ASX: QBE) shares. 

Both suffered heavy losses yesterday, falling between 4.24% and 3.4% respectively. 

For context, the S&P/ASX 200 Index (ASX: XJO) was essentially flat on Tuesday. 

Following yesterday’s results, it could be an opportunity to buy the dip. 

Here is what experts are saying. 

Suncorp Group

Suncorp is a Queensland-based financial services conglomerate offering retail and business banking, general insurance, superannuation, and investment products in Australia and New Zealand.

Its shares fell 4.24% yesterday despite no price sensitive news out of the financial services conglomerate. 

Its share price is down almost 10% in 2026 and more than 32% in the last 12 months. 

It now sits close to its 52-week low, trading at $16.05 per share. 

The insurance stock experienced a prolonged sell-off during elevated natural hazard payouts related to extreme weather events towards the back half of 2025.

Based on recent targets from experts, Suncorp shares could be a buy-low opportunity. 

Recently, Goldman Sachs placed a price target of $20 on Suncorp shares. 

From yesterday’s closing price, that indicates an upside of 24.61%. 

Estimates from Morgan Stanley suggest even more upside for this ASX financials stock. 

Last month, Morgan Stanley retained its overweight rating with a trimmed price target of $22.25.

This indicates an upside of 38.63%. 

It’s worth noting these capital gains could come alongside a healthy dividend yield that is projected to be more than 5%. 

An important date for investors to watch will be on Wednesday 18 February when the company releases its HY26 results.

QBE Insurance Group

QBE is Australia’s second-largest international insurer. It provides a broad range of insurance products across personal, business, corporate, and institutional markets, and is involved in insurance underwriting and reinsurance.

Its shares have also spluttered over the last 12 months, including a fall of 3.39% yesterday. 

QBE has faced headwinds over the last year which has dampened investor confidence. 

These include slowed increased premiums, and subdued growth. 

Recently, Wilsons also noted the company is negatively exposed to US dollar weakness. 

QBE shares closed yesterday at $19.69, and there appears to be limited upside based on analysts ratings. 

According to TradingView, 12 analysts have one year price targets between $19.30 and $24.21. 

This indicates QBE shares are hovering close to fair value. 

On the positive side, Bell Potter estimates that QBE’s shares will provide investors in FY 2026 with a dividend yield of 4.7%.

It is set to release full year results on Friday, 20 February. 

The post Are Suncorp or QBE shares a better buy after yesterday’s sell-off? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.