Suncorp Group Limited (SU4.F)
| Previous Close | 9.80 |
| Open | 10.00 |
| Bid | 9.75 x 130000 |
| Ask | 10.10 x 130000 |
| Day's Range | 9.85 - 10.00 |
| 52 Week Range | 7.30 - 10.00 |
| Volume | |
| Avg. Volume | 11 |
| Market Cap | 12.948B |
| Beta (5Y Monthly) | 0.75 |
| PE Ratio (TTM) | 17.59 |
| EPS (TTM) | 0.56 |
| Earnings Date | Feb 26, 2024 |
| Forward Dividend & Yield | 0.37 (3.75%) |
| Ex-Dividend Date | Feb 29, 2024 |
| 1y Target Est | N/A |
- Reuters
Australia's Suncorp to sell NZ life insurance business for $246 million, shares rise
Shares of Suncorp, which had gained a little more than 18% this year by last close, rose as much as 1.6% to A$16.615 as of 0033 GMT, hitting their highest since December 2007, while the broader market was up 0.5%. "The transaction continues the reshaping of the Suncorp Group, and positions both the general and life insurance businesses for ongoing growth and success," Suncorp CEO Steve Johnston said in a statement. Analysts at UBS said they believe the New Zealand life insurance unit, Asteron Life, was not core to the group and the divestment is "strategically attractive", allowing Suncorp to focus on its more attractive general insurance (GI) operations.
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