QBE Insurance Group ((QBE)) stands to benefit the most of insurance stocks under Morgan Stanley's coverage from record commercial line growth in the September quarter Australian industry data. 

While personal lines growth slowed to around to around 5.5%, with Insurance Australia Group below 5%, the broker sees modest upside risk for gross written premium (GWP) growth. The Equal-weight rating and $4.80 target price are retained. Industry view: In-Line.

Sector: Insurance.

Target price is $4.80.Current Price is $4.42. Difference: $0.38 - (brackets indicate current price is over target). If IAG meets the Morgan Stanley target it will return approximately 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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