Skip to Content
scroll

The Performance of Suncorp (SUN)

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

The Latest Q&A

Question asked

The Performance of Suncorp (SUN)

Hi M&M, SUN share price continues to rise and rise, will this continue up until they do a redistribution for the sale of their banking arm or do you see a consolidation close by? Thank you Keep up the good work.

Answer

Hi Tony,

Suncorp (SUN) is moving in sync with IAG having offloaded it’s banking arm to ANZ. Insurance premiums are rising, and recent claims have been benign.

  • SUN looks capable of punching through $20 into 2025, and still trades at a discount to IAG, though the gap has closed significantly in recent months.
chart
image description
Insurance Australia Group (IAG) vs Suncorp Group (SUN)
image description

Relevant suggested news and content from the site

Back to top