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Suncorp Group ( (AU:SUN) ) has provided an announcement.
Suncorp Group has reported receiving over 5,500 claims due to recent severe weather events in Queensland and Victoria, with estimated costs ranging from $220 million to $260 million. The company is actively supporting affected customers through its Disaster Management Centre and mobile hubs. Additionally, during its 2025 investor day, Suncorp outlined its strategic focus on business transformation through technology and AI, aiming to enhance customer experiences and maintain strong shareholder returns without compromising margins.
The most recent analyst rating on (AU:SUN) stock is a Buy with a A$22.50 price target. To see the full list of analyst forecasts on Suncorp Group stock, see the AU:SUN Stock Forecast page.
More about Suncorp Group
Suncorp Group is a leading financial services provider in Australia and New Zealand, primarily operating in the insurance sector. The company offers a range of insurance products and services, focusing on delivering personalized and efficient customer experiences through advanced technology and data-driven strategies.
Average Trading Volume: 2,464,917
Technical Sentiment Signal: Buy
Current Market Cap: A$21.87B
For a thorough assessment of SUN stock, go to TipRanks’ Stock Analysis page.