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Suncorp Group ( (AU:SUN) ) just unveiled an announcement.
Suncorp Group reported its financial results for the year ending June 30, 2025, highlighting significant strategic shifts with the sale of Suncorp Bank and its New Zealand life insurance business. These divestments, completed in 2024 and early 2025 respectively, mark a strategic refocus on its core insurance operations. The financial outcomes from these sales are reported as discontinued operations, indicating a streamlined focus on insurance, which may enhance its market positioning and operational efficiency.
The most recent analyst rating on (AU:SUN) stock is a Buy with a A$23.44 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 diversified financial services company operating primarily in the insurance sector. It offers consumer insurance, commercial and personal injury insurance, and has operations in New Zealand. The company recently divested its banking operations and New Zealand life insurance business, focusing more on its core insurance services.
Average Trading Volume: 2,355,993
Technical Sentiment Signal: Buy
Current Market Cap: A$21.77B
For a thorough assessment of SUN stock, go to TipRanks’ Stock Analysis page.
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