MENU

Suncorp Group Ltd share price flirts with 5-year high

The Suncorp Group Ltd (ASX: SUN) share price just hit $14.71, inches away from its 5-year high of $14.96.

Shares of the Australian bank and insurance company are up 23% in the past year, and 86% over the past 5 years.

According to Google Finance, Suncorp Group Limited is engaged in the provision of general insurance, banking, life insurance, superannuation products and related services to the retail, corporate and commercial sectors in Australia and New Zealand.

The Company’s segments include Personal Insurance: which provides home and contents, motor, boat and travel insurance products; Commercial Insurance: which provides commercial motor, commercial property, marine, industrial special risks, loan protection insurance products and others; General Insurance New Zealand, Life: which provides superannuation administration services, financial planning and funds administration services, and Corporate: which includes investment of the Company’s capital, business strategy activities and its shared services.

Shares have risen after continued rapid growth in revenues, even though profits grew just 1%. The company saw high demand for its recent capital notes issue, with these paying a 4.1% fully franked dividend.

At a price of $14.71, Suncorp is priced at an estimated 18 times earnings and pays a 4.8% trailing dividend.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.